Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is hereby notified that the IndianOil has launched an issue of U.S.$ 900,000,000, 4.75 per cent Notes priced on January 10, 2018.
The Notes carry a coupon of 4.75 % per annum payable semi-annually. The Notes will mature in 2024 and all the principal and interest payments will be made in U.S. Dollars. The Notes are expected to be settled by January 16, 2019.
The net proceeds of the issue of the Notes will be applied by the Company to fund working capital requirements for normal course of business, in accordance with the Master Direction – External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers dated January 1, 2016, as amended. Read More