Indian Oil drills for Singapore bond bid

03 Oct 2012

Indian Oil Corp is planning to become the first corporation from the country to tap the Singapore dollar bond market this week. But two recent deals from Indian state-owned banks mean the company is not entirely exploring in the dark.

Funding officials from the government-owned power company met investors in Singapore on Wednesday to drum up demand for the transaction. Indian Oil is hoping to follow recent deals from Export-Import Bank of India and IDBI Bank, which have raised a combined S$500m ($406m) over the last few months.

There ...

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