Comments
BISPL, an indirect subsidiary of BPCL, plans to raise $600 million long term funds from the international debt capital market, BPCL said today.
The issue will be under the existing $2 billion euro medium term note programme.
The proceeds will be used for partial repayment of bridge loans taken by BISPL to finance acquisition of stakes in two Russian companies.
Bharat Petroleum Corporation says notes are of 10 year tenor and carry coupon rate of 4.375 per cent p.a.
The notes will be listed on the Singapore stock exchange.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.