The coupon rate will be 4.79 per cent per annum for the obligation instruments which will develop on October 23, 2023.
Hindustan Petroleum Corp Ltd (HPCL) on Friday said it had brought Rs 2,000 crore up underwater for subsidizing its capital use during the flow year.
In a stock trade documenting, HPCL said it has “gave un-made sure about, redeemable, non-convertible, non-combined, available, debenture of Rs 10 lakh each totaling to Rs 2,000 crores on private arrangement reason for financing of capital use, including recoupment of use previously caused”.
The coupon rate will be 4.79 per cent per annum for the obligation instruments which will develop on October 23, 2023.
HPCL obligation raising follows similar moves Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) prior this week.
IOC raised Rs 2,000 crore through non-convertible debentures or NCDs on a private arrangement reason for renegotiating of existing acquiring and subsidizing of capital consumption.
ONGC said it raised Rs 1,140 crore through a three-year debenture issue on a private arrangement premise at a financing cost of 4.64 per cent per annum payable yearly.
IOC on Thursday educated stock trades that its Board of Directors will on October 30 consider supporting borrowings up to Rs 20,000 crore during a money related year through the personal situation of securities/debentures in at least one tranches.
This will be inside the general getting breaking point of Rs 1,65,000 crore affirmed by investors at the last Annual General Meeting.