{"id":469096,"date":"2022-02-18T09:59:35","date_gmt":"2022-02-18T04:29:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469096"},"modified":"2022-02-18T10:38:31","modified_gmt":"2022-02-18T05:08:31","slug":"ioc-raises-rs-1500-cr-via-bonds-at-interest-rate-lower-than-sovereign-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-raises-rs-1500-cr-via-bonds-at-interest-rate-lower-than-sovereign-2\/","title":{"rendered":"IOC raises Rs 1,500 cr via bonds at interest rate lower than sovereign"},"content":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s largest oil firm, on Thursday raised Rs 1,500 crore debt through a bonds issue at a coupon rate lower than government bonds, a senior company official said. <\/p>\n<p>IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent. &#8220;The issue saw strong demand from investors and we were able to get a very attractive deal,&#8221; IOC Director (Finance) Sandeep Gupta said. <\/p>\n<p>IOC got bid worth Rs 5,403 crore in the range of 5 per cent to 6.7 per cent for its issuance. Gupta said the money raised is for general corporate purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s largest oil firm, on Thursday raised Rs 1,500 crore debt through a bonds issue at a coupon rate lower than government bonds, a senior company official said. IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent. &#8220;The issue saw strong demand from investors and we were able to get a very attractive deal,&#8221; IOC Director (Finance) Sandeep Gupta said. IOC got bid worth Rs 5,403 crore in the range of 5 [&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":[130,211,144],"tags":[],"class_list":["post-469096","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469096","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=469096"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469096\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}