{"id":348511,"date":"2020-04-28T10:22:12","date_gmt":"2020-04-28T04:52:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348511"},"modified":"2020-04-28T10:54:37","modified_gmt":"2020-04-28T05:24:37","slug":"ongc-issues-cps-worth-rs-1000-crore-at-4-13-interest-rate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-issues-cps-worth-rs-1000-crore-at-4-13-interest-rate\/","title":{"rendered":"ONGC issues CPs worth Rs 1000 crore at 4.13% interest rate"},"content":{"rendered":"<p>NEW DELHI: Oil and Natural Gas Corp (ONGCNSE -1.46 %) has raised Rs 1000 crore via commercial papers at a discount rate of 4.13% per annum, signalling the debt market\u2019s strong interest in India\u2019s largest explorer despite an oil crash that has hammered its cash flows.<\/p>\n<p>ONGC signed a deal confirmation for issuance last week and would be issuing the commercial paper by April 30, industry executives said. The issue is being made at a discount rate of 4.13% per annum for the tenor of 85 days compared to interest rates of 4.48%-7% per annum for papers issued by other companies between 7th and 21st April for similar-maturity buckets, according to executives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Oil and Natural Gas Corp (ONGCNSE -1.46 %) has raised Rs 1000 crore via commercial papers at a discount rate of 4.13% per annum, signalling the debt market\u2019s strong interest in India\u2019s largest explorer despite an oil crash that has hammered its cash flows. ONGC signed a deal confirmation for issuance last week and would be issuing the commercial paper by April 30, industry executives said. The issue is being made at a discount rate of 4.13% per annum for the tenor of 85 days compared to interest rates of 4.48%-7% per annum for papers issued by other [&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-348511","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\/348511","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=348511"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348511\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}