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.