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Oil India raises $550 million via overseas bonds issue

31 Jan 2019 Evaluate

Oil India has raised funds worth $550 million debt through an overseas bonds issue. The issue carries 5.12% fixed rate and the tenor of the instrument is of 10 year. The bonds are listed on Singapore and International Securities Market of London Stock Exchange (ISM).

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 225.40
Oil India 454.00
Jindal Drilling&Inds 509.25
Deep Industries 692.95
Asian Energy Service 439.75
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