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Published on 7/09/2022 2:58:29 PM | Source: Dion Global Services Ltd.

Indian Oil Corporation issues NCDs aggregating Rs 2500 cr

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Indian Oil Corporation has issued 25000, 7.14% Unsecured, Listed, Rated, Taxable, Redeemable, Non Convertible Debentures (Series - XXIV) of Rs.10,00,000 each aggregating to Rs. 2500 crore on Private Placement basis on 6 September 2022. 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 Company