ONGC Videsh joins great Asian euro road trip

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By Isabella Zhong
03 Jul 2014

India’s ONGC Videsh is looking to make a return to the dollar market and possibly debut in euros after mandating five banks. The oil and gas company is among a growing number of Asian borrowers that are tapping the European investor base as accounts seek to diversify their portfolios.

The Baa2/BBB- rated issuer mandated BNP Paribas, Citi, Deutsche Bank, RBS and Standard Chartered as joint bookrunners to arrange investor meetings in Asia and Europe which started on Tuesday July 1.

A dollar and/or euro denominated Reg S transaction may follow.

“There ...

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