{"id":303686,"date":"2019-11-30T12:26:46","date_gmt":"2019-11-30T06:56:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303686"},"modified":"2019-11-30T12:41:33","modified_gmt":"2019-11-30T07:11:33","slug":"ongc-raises-300m-at-lowest-rate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-raises-300m-at-lowest-rate\/","title":{"rendered":"ONGC raises $300m at lowest rate"},"content":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent, the lowest by any Indian issuer, to meet its capital expenditure. <\/p>\n<p>The 10-year bond will mature in 2029, the company said in a statement. <\/p>\n<p>\u201cONGC has priced its maiden offering of dollar bonds in the aggregate principal amount of $300 million for meeting capital expenditure in accordance with the external commercial borrowing guidelines issued by the Reserve Bank of India and successfully achieved its objective to set a fresh benchmark,&#8221; it said. <\/p>\n<p>At 3.375 per cent interest rate, this is the lowest rate for 10-year or longer tenor offering from India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent, the lowest by any Indian issuer, to meet its capital expenditure. The 10-year bond will mature in 2029, the company said in a statement. \u201cONGC has priced its maiden offering of dollar bonds in the aggregate principal amount of $300 million for meeting capital expenditure in accordance with the external commercial borrowing guidelines issued by the Reserve Bank of India and successfully achieved its objective to set a fresh benchmark,&#8221; it said. At 3.375 per cent interest rate, [&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":[130,215,148],"tags":[],"class_list":["post-303686","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303686","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=303686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}