Indian Oil sends out $500m RFP for capex loan

State-owned Indian Oil Corp has sent out a request for proposals for a $500m three year loan, and is giving banks until the end of the month to submit bids.

  • By Rashmi Kumar
  • 19 Jul 2013

The company plans to use the loan to meet its capital expenditure requirements, according to a banker.

“Generally, Indian Oil’s loans are for around $300m or so,” said the banker. “But this time it is asking for a bigger loan, so there will be a lot of interest ...

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