In a move that reiterates the highly effective confidence of the investors in the fundamental concepts of IndianOil, the nation's major hydrocarbon Company has gotten up Rs. 1,295 crore from the Local indian native Relationship market.
IndianOil's issue of Effectively properly secured Redeemable Non-Convertible Connections started out for signing up on personal place platform on Apr 24, 2012. Launched with an exclusive size of Rs. 500 crore, the issue was oversubscribed by over three times with signing up aggregating to roughly. Rs. 1,600 crore.
The 'AAA' rated ties have a growth of five years with a put and call choice at the end of three years. The issue, placed through book-building direction, acquired an aggravating response from all areas of investors which offered financial companies, insurance companies, main investors, common options, financial companies.
IndianOil has established a cut-off coupon rate of 9.35% p.a. The income of connection issue shall be made use of for meeting capex of ongoing home projects and options requirements.
IndianOil's issue of Effectively properly secured Redeemable Non-Convertible Connections started out for signing up on personal place platform on Apr 24, 2012. Launched with an exclusive size of Rs. 500 crore, the issue was oversubscribed by over three times with signing up aggregating to roughly. Rs. 1,600 crore.
The 'AAA' rated ties have a growth of five years with a put and call choice at the end of three years. The issue, placed through book-building direction, acquired an aggravating response from all areas of investors which offered financial companies, insurance companies, main investors, common options, financial companies.
IndianOil has established a cut-off coupon rate of 9.35% p.a. The income of connection issue shall be made use of for meeting capex of ongoing home projects and options requirements.
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