ONGC videsh issues USD 1.5 bn and EUR 525 mn unsecured bonds in the
international capital markets
09/07/2014 17:14
Oil & Natural Gas Corporation Ltd said on Wednesday that its foreign arm ONGC videsh issued USD 1.5 billionn and EUR 525 million unsecured bonds in the international markets. Further, the company has guaranteed these bonds. In a filing to the Bombay Stock Exchange, the company informed, “The Reg S Bonds will be issued in dual currency with two tranches of USD 750 million each for 5-year and 10-year tenors respectively and one tranche of Euro 525 million for 7 year tenor. The Bonds are rated Baa2 by Moody’s and BBB- by S&P.” Meanwhile, shares of the company closed at Rs 404.65 a piece, up 1.77 per cent, from previous close on BSE.
09/07/2014 17:14
Oil & Natural Gas Corporation Ltd said on Wednesday that its foreign arm ONGC videsh issued USD 1.5 billionn and EUR 525 million unsecured bonds in the international markets. Further, the company has guaranteed these bonds. In a filing to the Bombay Stock Exchange, the company informed, “The Reg S Bonds will be issued in dual currency with two tranches of USD 750 million each for 5-year and 10-year tenors respectively and one tranche of Euro 525 million for 7 year tenor. The Bonds are rated Baa2 by Moody’s and BBB- by S&P.” Meanwhile, shares of the company closed at Rs 404.65 a piece, up 1.77 per cent, from previous close on BSE.
