for meeting capital expenditure
The bonds will bear a coupon of 3.375 per cent and will mature in 2029
The tightest coupon for 10 year or longer tenor offering from India
Mix of diverse investors from across Singapore, HK, London, Taiwan, Japan and Middle East
which includes 77% bid from Asian investors and 23% from EMEA investors
The bankers to the deal were – Citi, DBS Bank Ltd, MUFG, SBICAP and Standard Chartered.
CMD : ONGC funds its operations from internal accruals
and it has capacity to do the same in future also