State run, Indian Oil Corporation (IOC) has raised S$400 million through a 10-year bond issue. Earlier company had planned to raise S$300 million, but the issue size was increased to S$400 million. It has raised money in Singapore dollars for the first time, until now, it had stuck to US dollar denominated debt.
The issue consisted of orders from over 100 investors and the profile included fund managers, banks and private banks, while in terms of geography, 75% orders came from Singapore and 25% from rest of Asia.
The Company ‘s net profit after tax for the fourth quarter ended March 31, 2012 zoomed by 224.35% at Rs 12670.43 crore as compared to Rs 3905.16 crore for the quarter ended March 31, 2011. Its total income increased by 31.45% to Rs 130305.35 crore for the quarter from Rs 99130.03 crore for the corresponding quarter of the previous year.
