The Hindu Business Line : Fifth tranche of oil bonds issued

The Finance Ministry on Thursday announced the issuance of the fifth tranche of oil bonds worth Rs 4,971 crore to State-owned petroleum marketing companies.

The latest tranche of the "8.40 per cent Oil Marketing Companies' Government of India Special Bonds, 2026" is being issued at par to Indian Oil Corporation Ltd (IOC) for Rs 2,956.19 crore, Bharat Petroleum Corporation Ltd (BPCL) for Rs 996.87 crore and Hindustan Petroleum Corporation Ltd (HPCL) for Rs 1017.94 crore.

The special bonds have been given to the three companies as compensation for under-recoveries on domestic sales of sensitive petroleum products during 2006-07.

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