From rarity to frequent issuer: ONGC Videsh seeks new $1bn
ONGC Videsh is making its third foray into the offshore dollar market this year, issuing a request for proposals for a $1bn fundraising, just two months after picking banks to finance a $1.5bn bridge, writes Rashmi Kumar. Despite the speed of its comeback, bankers reckon the rarity value of the borrower’s name will hold the company in good stead.
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