Indian Oil starts prospecting for $400m five year loan

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By Pan Yue
01 Nov 2018

Indian Oil Corp (IOC) has sent out a request for proposals for an up to $400m borrowing.

It is seeking a five year loan of between $300m-$400m, according to a banker. The bidding process is expected to end in two weeks.

The proceeds will be used for a combination of refinancing and general corporate purposes, but the majority will be refinancing, said the banker. ...

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