Cairn India raises Rs 2,250 crore by selling bonds for first time

Cairn India Ltd, which operates the nation’s biggest onshore oil field, raised Rs 2,250 crore ($507 million) by selling bonds for the first time. he oil explorer sold a combined Rs 1,250 crore in two equal parts, maturing in July 2012 and October 2012 and paying coupons of 8.35 per cent and 8.4 per cent respectively, A Rs 1,000-crore portion of variable rate bonds due January 2013 was also sold.