Indian Oil Corporation Ltd (IOC) has informed BSE that IndianOil is in the process of issuing foreign currency bonds in the international market to the extent of USD 500 million to finance its capital expenditure. The tenor of the bonds is 5 years with the coupon rate of 4.75% per annum payable semi-annually. The bonds would be listed on the Singapore Stock Exchange. The bonds have been rated as Baa3 by Moody''s and BBB- by Fitch, which denote ''Investment'' grade.
Source: BSECourtesy moneycontrol.com
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