Hindustan Petroleum Plans Public Offering Of Bonds And Debentures For Up To US$935 Million

Published: Aug 23 2017
Deal Summary

Hindustan Petroleum Corporation Limited (HPCL), an integrated oil and gas company, intends to issue unsecured bonds and debentures, for gross proceeds of up to INR60,000 million (MM) (US$934.8 MM), in a public offering.

HPCL is a major downstream oil and gas company. It also undertakes exploration and production of oil and gas, refining of crude oil and marketing of petroleum products. The company's infrastructure base consists of refineries, pipelines, liquefied petroleum gas (LPG) bottling plants and storage facilities, lube-blending plants, and aviation service facilities.

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