/ Taps Offshore Dollar Bond Market Raises $500 mln – HPCL ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 10 July 2017

On Sunday the company said in the statement that the Hindustan Petroleum Corp Ltd. which will raise its first ever overseas bond sale.

The company sold 10 year unsecured dollar bond, fixed rate and a 4% coupon which will be payable semiannually and its maturity date of July 2027.

By Fitch the notes are rated Baa3 by the Moody's and BBB. It is the 3rd biggest state owned refiner and it will use to fund capital expenditure.

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