Indian Oil to refuel with new $300m five year

By Shruti Chaturvedi
04 Nov 2016

Indian Oil Corp, is looking to refinance a $300m bridge loan, having picked Citi and DBS to supply it three months ago for an acquisition.

The bridge, to support the Indian state-owned firm's purchase of stakes in Russian oilfields, matures in March 31, 2017.

IOC aims to replace the financing with a five year loan, said a banker who received a request for proposals. IOC has limited the number of banks that can ...

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