New bond issue: Bharat Petroleum issued international bonds for USD 600.0m maturing in 2027 with a 4.375% coupon.

January 11, 2017 - Cbonds

 

Bharat Petroleum issued international bonds for USD 600.0m maturing in 2027 with a 4.375% coupon. Bonds were sold at a price of 99.952%. Bookrunner: Citigroup, DBS Bank, Mitsubishi UFJ Financial Group, SBI Holdings, Standard Chartered Bank.
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Issuer, issue numberBharat Petroleum, 4.375% 18jan2027, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount600,000,000
ISINXS1548865911
End of placement01/10/2017
Initial issue price99.952
Coupon4.375%
Coupon frequency2 time(s) per year
Settlement date01/18/2017
Maturity date01/18/2027
Issue ManagersBookrunner: Citigroup, DBS Bank, Mitsubishi UFJ Financial Group, SBI Holdings, Standard Chartered Bank Issuer Legal Adviser (Domestic law): J Sagar Arranger Legal Adviser (Listing law): Allen & Overy Issuer Legal Adviser (International law): Allen & Overy Trustee: Citicorp International Limited Paying agent: Citibank N.A. (London branch)
Trading floorSGX, 67FB
Issuer: Bharat Petroleum
Issuer profile:
Established in 1952 as Burmah-Shell Refineries Limited (BSR), Bharat Petroleum is an Indian state-controlled oil and gas company headquartered in Mumbai.
Outstanding issues:
3 issuesUSD1,600,000,000
1 issuesCHF200,000,000
Issuer rating:
Moody's Investors ServiceBaa3/PositiveLT- foreign currency01/05/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)07/17/2017
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countries
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