IOC appoints three merchant bankers
State-run Indian Oil Corp (IOC) has appointed three merchant bankers for its maiden overseas bond issue of $500 million (Rs 2,325 crore).
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IOC has appointed HSBC, Standard Chartered and Deutsche Bank for the issue likely this year, official sources said here.
The company has not decided on the exact timing of the issue, which would go to fund its capital expenditure requirement.