Oil be back: Bharat Petroleum, Oil India mull bonds

Oil India has mandated five banks for what would be its first dollar bond, as investor sentiment towards the region improves.
Citi, Deutsche Bank, HSBC, RBS and Standard Chartered have been picked for the Reg S issue, with the borrower looking to raise a large amount, according to a banker on the deal. The timing of any issue is still to be decided.
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