New Delhi: State-owned Indian Oil Corporation (IOC) on Friday said it has raised Rs 1,500 crore through a bonds issue at a coupon rate of 6.14 per cent to refinance existing borrowing. The interest rate that IOC, the nation’s largest oil company, will pay is less than the yield on government bonds.
“The company has issued 15,000, 6.14 per cent unsecured, listed, rated, taxable, redeemable, non-convertible debentures (Series-XXI) of Rs 10,00,000 each aggregating to Rs 1,500 crore on pr ..
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