Oil and Natural Gas Corporation (ONGC) has raised US$ 300 million under the External Commercial Borrowing route for meeting its capital expenditure needs.
"The bonds will bear a coupon of 3.375 per cent 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," an ONGC statement said.
"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 EMEA investors. The Bankers to the deal were - Citi, DBS Bank Ltd, MUFG, SBICAP and Standard Chartered," the statement added.