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Indian Oil Raises Rs 2,500 Crore In Debt At Interest Lower Than Sovereign

The prevailing annualised yield of 5-year G-Sc is at 7.16 per cent.
The prevailing annualised yield of 5-year G-Sc is at 7.16 per cent.
Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.
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