#1
July 27th, 2016, 05:51 PM
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BPCL Bond Issue
Hello, Please provide the information about the capital raised by BPCL through overseas bonds which was to the tune of $500million?
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#2
July 28th, 2016, 08:07 AM
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Re: BPCL Bond Issue
Bharat Petroleum Corp Ltd (BPCL), India's second biggest oil advertising organization by income has raised $500 million by offering 10-year bonds to speculators in Europe and Asia The cash was raised at 208 premise focuses over the 10-year US treasury, at a viable yield of 4.11% The 10-year notes will bear an altered enthusiasm of 4.625 for each penny for each annum, with interest payable semi-every year, the organization said in an announcement here. The issue was just about 15 times over-subscribed, with a request book totalling USD 7.5 billion from 325 fantastic altered salary speculators. As far as geographic dissemination, the notes were circulated 73 for each penny to Asia and 27 for each penny to Europe. By financial specialist sort, the notes were disseminated 62 for each penny to store supervisors, 14 for every penny to private banks, 10 for each penny to banks, and 12 for every penny to insurance agencies and corporates. Standard Chartered Plc, Deutsche Bank AG, Hong Kong and Shanghai Banking Corp Ltd and Citibank NA were the financiers to the issue. |
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