{"id":519676,"date":"2022-09-05T10:46:47","date_gmt":"2022-09-05T05:16:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519676"},"modified":"2022-09-05T12:44:24","modified_gmt":"2022-09-05T07:14:24","slug":"ioc-raises-rs-2500-crore-in-debt-at-interest-lower-than-sovereign","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-raises-rs-2500-crore-in-debt-at-interest-lower-than-sovereign\/","title":{"rendered":"IOC raises Rs 2,500 crore 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","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.<\/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":[146,130,177],"tags":[],"class_list":["post-519676","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519676","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=519676"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519676\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}