HPCL Completes Public Offering Of 4% Senior Notes, Due 2027 For US$500 Million

Published: Jul 06 2017
Deal Summary

Hindustan Petroleum Corporation Limited (HPCL), an integrated oil and gas company, completed the public offering of 4% senior unsecured notes, due July 12, 2027, for gross proceeds of US$500 million (MM). Interest on notes will be payable semi-annually.

The company intends to use the proceeds from the offering to fund capital expenditures for its ongoing and future domestic projects.

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