J. Sagar Associates and Allen & Overy had the lead roles on a $2.2 billion bond sale by Indian oil and gas company ONGC Videsh Ltd.

The company, a subsidiary of Indian state-run energy company Oil and Natural Gas Corp. Ltd., sold two tranches of dollar-denominated bonds worth $1.5 billion and a single tranche of euro-denominated bonds totaling $710 million. It was the first-ever euro bond issue for ONGC Videsh.