IOC raises Rs.1350 cr from oil bond sale
New Delhi   09-Apr-2010

IndianOil Corp (IOC) raised Rs.1, 350 crore from sale of oil bonds in the secondary market, a top company official said. IOC sold 6.90% or 2,026 oil bonds at a yield of 8.35% or Rs.87.40, he said. The company got Rs.87.40 for every Rs.100 bond. ICICI Securities Primary Dealership, Axis Bank, SPA Merchant Bankers, Almondz Securities and A K Capital Services were among the arrangers of the issue.