The state-owned oil company is raising funds to repay existing debt.
April 22, 2014 at 12:05 AM
1 minute read
The original version of this story was published on Global Lawyer News
Amarchand & Mangaldas & Suresh A. Shroff & Co. advised state-run Oil India Ltd. on a $1 billion note issue on the Singapore Exchange.
In a statement to the Bombay Stock Exchange, Oil India said it sold two $500 million tranches of notes, a five-year and a 10-year, in order to raise cash to repay debt.
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