Listing of Indian Oil's $1.4B and SGD 400M Foreign Currency Bonds

Debt Securities Market platform provides an efficient international listing process to issuers with minimum turnaround time and investment opportunities for investors from across the world.

Sep 02, 2021 01:09 IST India Infoline News Service

Indian Oil Corporation
NSE International Exchange (NSE IFSC), a wholly-owned subsidiary of the National Stock Exchange of India Ltd (NSE) has listed Indian Oil’s foreign currency bonds on its Debt Securities Market platform. 

Since the launch of NSE IFSC Debt Securities Market (DSM), the platform has listed total aggregate Medium-Term Note (MTNs) worth over USD 22 billion; also witnessed listing of issues aggregate to ~USD 14.12 billion (including ~USD 800 million Green Bond).  

NSE IFSC Ltd launched Debt Securities Market for listing and trading of debt securities in multiple foreign currency bonds, green bonds, masala bonds, notes, etc. on March 16, 2018. Debt Securities Market platform provides an efficient international listing process to issuers with minimum turnaround time and investment opportunities for investors from across the world.

Mr. Manoj Kumar, Executive Director, IFSCA said: “We congratulate Indian Oil Corporation for becoming part of the IFSC community. We are enhancing the global competitiveness of IFSC by developing complete sustainable finance ecosystem and innovative product offerings. We are committed to provide vibrant financial services ecosystem to attract foreign investment to make GIFT IFSC a global financial hub.”

Mr. Sandeep Kumar Gupta, Director - Finance, Indian Oil said: “We are extremely delighted to be here on the momentous occasion of the listing ceremony of IndianOil’s Foreign Currency Bonds of USD 1.4 billion and SGD 400 million on NSE IFSC and India INX exchanges. The advent of IFSC at Gift city has provided an opportunity for Indian companies to access offshore funds within India and we believe that today’s listing of our bonds is a step in that direction.”

Mr. Ravi Varanasi, President, NSE Group said: “We congratulate and welcome Indian Oil Corporation Ltd. on our platform. The setting up of international financial services centers in India offers wide range of products to raise funds in various currencies and this is the first time an issuer is doing a listing of Singapore dollar denominated currency bonds in NSE IFSC. The listing and trading of bonds at IFSC would offer cost efficiency as well as enable issuer to access international investors. We are immensely grateful to regulatory authority IFSCA for providing a competitive regime in line with the global market.” 

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