/ BPCL's Indirect Subsidiary BISPL To Raise $ 600 Mn From International Debt Capital Market ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 11 January 2017

Bharat Petroleum Corporation Ltd's (BPCL) indirect wholly owned subsidiary BISPL (BPRL International Singapore Pte. Ltd.), a Singapore incorporated company, has launched an issue or $ 600 million Fixed Rate Senior Unsecured Guaranteed Notes due 2027 which were priced on January 10, 2017 in the international debt capital markets, the company said.

The Notes, which are of 10 years tenor carry a coupon rate or 4.375%  per annum payable semi-annually and are expected to be settled by January 18, 2017. BPCL's stake in BISPL is held through its wholly owned subsidiary Bharat PetroResources Ltd. (BPRL). Bharat Petroleum Corporation Ltd is currently trading at Rs 659.05, up by Rs 0.6 or 0.09% from its previous closing of Rs 658.45 on the BSE.

The scrip opened at Rs 658.45 and has touched a high and low of Rs 664.9 and Rs 655.55 respectively. So far 827412(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 95222.96 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 694.75 on 18-Oct-2016 and a 52 week low of Rs 366.1 on 23-Feb-2016. Last one week high and low of the scrip stood at Rs 676 and Rs 642.1 respectively.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 30.06 % and 15.01 % respectively. The stock is currently trading above its 50 DMA.
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