ONGC Videsh returns for $800m bridge

Oil and gas
By Shruti Chaturvedi
11 Aug 2016

ONGC Videsh is seeking a loan of $800m to support its acquisition of an incremental stake in a Russian oil company.

ONGC Videsh Vankorneft (OVVL), a Singapore based subsidiary of ONGC Videsh is the borrower of the new, six month bridge, said a banker who received the RFP. The same company borrowed a $1.268bn nine month bridge signed in the first half of this year.

ONGC Videsh is ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial