ONGC, IOCL, Vedanta's bonds worth $1.9 bn mature in FY23: Moody's

Quick Summary:

Three major oil and gas companies- Oil and Natural Gas Corporation Limited (ONGC), IOCL and Vedanta Resources Limited together have around USD 1.9 billion of rated US dollar bonds maturing next year, rating agency Moody's Investor Services has said.

Capital markets are volatile and investor appetite remains selective, so refinancing risks will remain elevated particularly for high-yield issuers such as Vedanta, which accounts for around 47 per cent of the upcoming bond maturities, it opined in a report on December 1.

Vendanta's USD 400 million (coupon rate 8 per cent) and another USD 500 million (7.125 per cent) bonds would mature on April 23 and May 31 next year respectively while ONGC's USD 500 million bonds (3.75 per cent) and IOCL's USD 500 million bonds (5.75 per cent) would mature on August 1 and May 7 next year respectively, it said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Markets: India

Topics: Iocl Vedanta Ongc Limited Worth Million Cent) Business Standard Mature Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-02 @ 16:46:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #930 (out of 6485 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 2098390

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 109 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions