{"id":397431,"date":"2021-01-27T12:31:28","date_gmt":"2021-01-27T07:01:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397431"},"modified":"2021-01-27T12:31:28","modified_gmt":"2021-01-27T07:01:28","slug":"ovl-plans-400-mn-euro-overseas-bond-issue-to-partly-repay-its-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ovl-plans-400-mn-euro-overseas-bond-issue-to-partly-repay-its-debt\/","title":{"rendered":"OVL plans 400-mn euro overseas bond issue to partly repay its debt"},"content":{"rendered":"<p>New Delhi: ONGC Videsh (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp, plans to raise about 400 million euro in foreign currency bonds to partly repay debt taken to fund its purchase of a stake in a giant Mozambique gas field, according to people with knowledge of the matter.<\/p>\n<p>ONGC Videsh had raised Rs 525 million through a seven-year bond in July 2014 to partly finance its acquisition of a stake worth $4.12 billion in the Mozambique block. These bonds, bearing a fixed coupon of 2.750% per annum and guaranteed by parent ONGC, are due in July. The company holds a 16% stake in Mozambique&#8217;s offshore Rovuma Area 1.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: ONGC Videsh (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp, plans to raise about 400 million euro in foreign currency bonds to partly repay debt taken to fund its purchase of a stake in a giant Mozambique gas field, according to people with knowledge of the matter. ONGC Videsh had raised Rs 525 million through a seven-year bond in July 2014 to partly finance its acquisition of a stake worth $4.12 billion in the Mozambique block. These bonds, bearing a fixed coupon of 2.750% per annum and guaranteed by parent ONGC, are due in [&hellip;]<\/p>\n","protected":false},"author":39,"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-397431","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\/397431","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397431"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397431\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}