{"id":518989,"date":"2022-09-03T09:48:56","date_gmt":"2022-09-03T04:18:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518989"},"modified":"2022-09-03T10:42:52","modified_gmt":"2022-09-03T05:12:52","slug":"indian-oil-raises-rs-2500-cr-in-debt-at-interest-lower-than-sovereign","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-raises-rs-2500-cr-in-debt-at-interest-lower-than-sovereign\/","title":{"rendered":"Indian Oil raises Rs 2,500 cr in debt at interest lower than sovereign"},"content":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.<\/p>\n<p>&#8220;Today, Indian Oil fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14 per cent,&#8221; he told PTI.<\/p>\n<p>This coupon rate is lower than the prevailing annualised yield of benchmark G-Sec for similar maturity.<\/p>\n<p>The prevailing annualised yield of 5-year G-Sc is at 7.16 per cent.<\/p>\n<p>The NCDs, which will be used for general corporate purposes, including capital expenditure, were rated AAA by Crisil and Icra.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday. &#8220;Today, Indian Oil fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14 per cent,&#8221; he told PTI. This coupon rate is lower than the prevailing annualised yield of benchmark G-Sec for similar maturity. The prevailing annualised yield of 5-year G-Sc is at 7.16 per cent. The NCDs, which will be used for general corporate purposes, including capital [&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":[135,130,169],"tags":[],"class_list":["post-518989","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518989","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=518989"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518989\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}