IOC raises $500 million despite US debt jitters
Mumbai   28-Jul-2011

IndianOil (IOC) found a window of opportunity early on Tuesday morning to successfully price a $500 million 10-year bond, in spite of weak financial markets. The deal was the company's debut 10-year international bond. The deal, with BNP Paribas, Citi and Royal Bank of Scotland as the lead bankers, gathered an order book of about $2 billion from more than 200 investors.