Indian Oil Corp To Issue Short-Term CP - Report
Reuters
Aug 07, 2022, 06:27 PM
Indian Oil Corporation plans to raise funds selling commercial papers maturing in a more than a month, three merchant bankers said on Friday.
The state-run oil marketing company will offer a yield of 5.61% on these notes, and it has received commitments worth around 15 billion rupees ($189.45 million) so far, the bankers said.
The notes are rated A1+ by ICRA and the issue will mature on Sept. 23.
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Aug 1, 2026Maruti Suzuki Sells More Than 2 Lakh Vehicles In July, Sets New Domestic RecordThe brand sold a total of 2,41,421 units last month which also included exports of 30,056 cars1 min read
car&bike Team | Aug 1, 2026India-UK FTA: Aston Martin Announces Revised PricesAlong with the revised pricing, the British marque has refreshed its lineup by replacing the Vantage, DB12 and DBX with more powerful 'S' derivatives.4 mins read
car&bike Team | Aug 1, 2026BMW 7 Series, i7 Facelift Bookings Open In India Ahead Of LaunchThe facelifted models were unveiled globally in April 2026 and are set to arrive in India.3 mins read
car&bike Team | Aug 1, 2026Auto Sales July 2026: Growth For Tata, Mahindra And Hyundai; Nissan Jumps 218%July 2026 turned out to be a strong month for several carmakers in India. Tata Motors, Mahindra, Hyundai, MG Motor and Nissan all reported healthy year-on-year growth, with new model launches, exports and growing EV demand.4 mins read
car&bike Team | Jul 31, 2026Hero Vida VX2 Now Available With Fixed 3.1 kWh Battery, Priced At Rs 1.13 LakhUnlike the existing removable-battery variants, the new VX2 variant comes with a fixed battery and direct-plug charging.1 min read
car&bike Team | Jul 31, 2026Honda Cars India Appoints Toshiyuki Yanagisawa As New President And CEOYanagisawa replaces Takashi Nakajima, who is set to move to Honda's regional headquarters after completing his stint in India.1 min read
Bilal Firfiray | Aug 1, 2026Toyota Hilux Review: The InvincibleMarking it as the ninth generation, the Hilux comes with a major cosmetic overhaul. But is it still relevant enough for the current times or is it getting too long in the tooth?5 mins read
Bilal Firfiray | Jul 30, 2026Kia Syros EV Review: Best EV To Buy Under Rs 20 Lakh?The Kia Syros EV comes into the game with a modern design, spacious cabin, strong performance, decent range and an aggressive pricing. But could it become the new benchmark under Rs 20 lakh?5 mins read
Jaiveer Mehra | Jul 27, 20262026 Maruti Suzuki Brezza Facelift Review: Bestseller Joins The Turbo ClubWhile Maruti’s facelifts have always tended to bring subtle updates over the outgoing models, the latest Brezza brings some heavy updates under the skin, including a new 6-speed manual gearbox and, for the first time, a turbocharged petrol engine option.1 min read
Bilal Firfiray | Jul 24, 2026Honda ZR-V Review: Who Is It For?Honda has brought the new ZR-V to India as their current flagship offering. It’s a CBU, it’s a hybrid, and it’s here for a limited few. Who is it for though?1 min read
Girish Karkera | Jul 29, 2026Mercedes-AMG E53 4MATIC+ PHEV First Drive Review: Just What The Doctor OrderedThere are luxury cars and there are high-performance cars. But what if you want both for the price of one? Mercedes-Benz has a recommendation that promises to tread a fine line between the two – the second generation E53 with a twist.7 mins read