Oil India Limited (OIL) has issued US$ 550 million 5.125% Bonds of 10-year tenor in the international capital markets. This is the first 10 year issuance out of India for a corporate issuer since March 2018 and the largest 10 year issuance of an Indian investment grade issuer in the Reg S only market since January 2017. The issue was oversubscribed more than 4.5 times. OIL is the first Indian Oil & Gas Company to list the Bonds on International Securities Market of London Stock Exchange.
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