Indian Oil Corporation (IOC) has raised Rs 2,000 crore through the issuance of 20000, 5.50% Unsecured, Listed, Rated, Taxable, Redeemable, Non-convertible Debentures (NCDs) (Series - XIX) of Rs 10,00,000 each on Private Placement basis on October 20, 2020.
The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the issuer.
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.
