News
20 January 2021

ONGC Videsh drops general syndication for $700m loan

In:
Oil & gas
Region:
Asia-Pacific

The overseas arm of India’s state-owned Oil and Natural Gas Corp, ONGC Videsh, has decided against going ahead with general syndication for its five-year $700 million loan, due to the six leading banks having raised enough debt beforehand. Proceeds of the loan, which has a margin of 200bp over...

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