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IOC planning to raise funds up to $1.5 billion from international bond sale

07 Jan 2019 Evaluate

Indian Oil Corporation (IOC) is planning to raise funds up to $1.5 billion from international bond sale. The bonds have been rated Baa2 by Moody’s and BBB- by Fitch Ratings.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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