Bharat Petroleum to raise $500 million from overseas bond sale

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Bharat Petroleum to raise $500 million


Bharat Petroleum Corp. Ltd (BPCL) has hit the international bond market to raise as much as $500 million, said two investment bankers, requesting anonymity.

BPCL, India’s second largest refiner and fuel retailer, will raise capital through the sale of foreign currency convertible bonds (FCCBs) to meet its capital expenditure, they added.


Bharat Petroleum to raise $500 million