Indian Oil slides in for new $500m five year loan

oil pump
By Rashmi Kumar
03 Apr 2014

State-owned Indian Oil Corp is returning to the market for a new $500m fundraising, less than a month after it signed a separate facility of the same size.

The company has issued a request for proposals to banks for the new loan, which will have a five year maturity, according to bankers.

Lenders have until the end of April to submit their commitments, with the loan proceeds to be used by the borrower for its ...

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