Investors swoon over Oil India’s $1bn debut

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By Virginia Furness
09 Apr 2014

Investors turned up in hordes to take advantage of Oil India’s $1bn debut bond, placing orders of over $8bn for the dual tranche offering. Diversification was a key driver of demand for the credit, which offered a much needed alternative to the surplus of Chinese property bonds.

“From the time we announced it, it was a bit of a food fight,” said a senior syndicate banker on the deal. “They did a fairly extensive roadshow and every single investor wanted to meet them.”oil india cartoon 350px wide

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