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HPCL raises $500 million through overseas bond sale

10 Jul 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) has raised up to $500 million with its first ever overseas bond sale. The company has sold a 10-year, fixed-rate, unsecured dollar bond with a 4 percent coupon payable semi-annually and a maturity date of July 2027.

The notes are rated Baa3 by Moody's and BBB- by Fitch. India's third biggest state-owned refiner will use the proceeds to fund capital expenditure.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

HPCL Share Price

387.00 -9.25 (-2.33%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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