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BRIEF-Bharat Petroleum unit to raise up to $600 mln long term funds
January 11, 2017 / 6:22 AM / 9 months ago

BRIEF-Bharat Petroleum unit to raise up to $600 mln long term funds

Jan 11 (Reuters) - Bharat Petroleum Corporation Ltd

* Bharat Petroleum Corp - raising of USD 600 million long term funds by bpcl’s indirect subsidiary BISPL from international debt capital market

* Bharat Petroleum Corporation - issuance under existing $2 billion euro medium term note programme

* Bharat Petroleum - proceeds to be used for partial repayment of bridge loans availed by bispl to finance acquisition of stakes in 2 russian companies

* Bharat Petroleum Corporation Ltd says notes are of 10 year tenor and carry coupon rate of 4.375 percent p.a.

* Bharat Petroleum Corporation - notes will be listed on Singapore stock exchange Source text - (bit.ly/2ieJtp4) Further company coverage:

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