{"id":296443,"date":"2019-10-16T11:59:04","date_gmt":"2019-10-16T06:29:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296443"},"modified":"2019-10-16T12:13:47","modified_gmt":"2019-10-16T06:43:47","slug":"ioc-plans-to-raise-rs-6000-crore-through-bond-sale-this-fiscal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-plans-to-raise-rs-6000-crore-through-bond-sale-this-fiscal\/","title":{"rendered":"IOC plans to raise Rs 6000 crore through bond sale this fiscal"},"content":{"rendered":"<p>New Delhi | Mumbai: Indian Oil Corp, the nation&#8217;s largest refiner and fossil fuel retailer, plans to raise up to Rs 6,000 crore via bonds this fiscal year with about half of that planned for this week.<\/p>\n<p>The company will launch on Thursday a rupee-denominated bond issue of Rs 1,000 crore, with an option to retain another up to Rs 2,000 crore in the event of oversubscription, finance chief Sandeep Kumar Gupta said. The bonds will have a tenure of ten years.<\/p>\n<p>Another Rs 3,000 crore will be raised via rupee bonds later this fiscal year. The funds will be used for general corporate purposes, he said. The state-owned company is tapping the local bond market after a gap of seven years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi | Mumbai: Indian Oil Corp, the nation&#8217;s largest refiner and fossil fuel retailer, plans to raise up to Rs 6,000 crore via bonds this fiscal year with about half of that planned for this week. The company will launch on Thursday a rupee-denominated bond issue of Rs 1,000 crore, with an option to retain another up to Rs 2,000 crore in the event of oversubscription, finance chief Sandeep Kumar Gupta said. The bonds will have a tenure of ten years. Another Rs 3,000 crore will be raised via rupee bonds later this fiscal year. The funds will be [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-296443","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296443"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296443\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}