ONGC raises $300 mn dollar bond for meeting its capital expenditure

State-run Oil and Natural Gas Corporation (ONGC) has raised $300 million dollar bond for meeting its capital expenditure.

The bonds will bear a coupon of 3.375% and will mature in 2029. This is the tightest coupon for 10 year or longer tenor offering from India ever achieved by any Indian Corporate.T he company said in a statement on Thursday that the mix of investors is diverse, from across Singapore, HK, London, Taiwan, Japan and Middle East, which includes 77 per cent bid from Asian investors and 23 per cent from Europe, the Middle East and Africa (EMEA) investors. The bankers to