About 71% of investor contribution originated from Asia while offshore investors from Europe and the US contributed 25% and 4% respectively. These bonds will have a tenure of ten years and be utilised for meeting part of IndianOil's capital expenditure requirements. The deal was concluded yesterday and was the second international bond issue of the Corporation under Regulation S format, the first having been concluded in January last year.

Indian Oil Corporation Ltd. (IndianOil), has raised USD 500 million through international bonds. The deal was finalised through the book building route for which IndianOil received an overwhelming response from investors across the globe. The issue was oversubscribed by about times and IndianOil received offers to the tune of about USD two Billion.

Speaking after the successful outcome of the bond placement, Mr. PK Goyal, Director (Finance), IndianOil said, The exceptional response received by our debut US dollar bond issue is an eloquent testimony to the confidence that global investors have reposed in IndianOil, India's only corporate in the Top 100 of Fortune Global 500 listing. For more details visit our site https://www.iocl.com/Products/RailroadGreases.aspx