Petronet LNG likely to raise Rs 300 cr via 8.35 % coupon rate bonds

Posted By: Religare
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State-owned, oil and gas major, Petronet LNG is likely to raise Rs 300 crores through the issue of 5- year bonds with a coupon rate of 8.35 per cent.

According to the statement, ICICI Securities Primary Dealership, Trust Capital, Axis Bank, ICICI Bank and SBI Capital are the arrangers to the bond sale, said the media reports.

Further the capital raised from the issue will be used by the company as capital expenditure.

Moreover, ICRA and India ratings have given a rating of AA+ to the bonds.

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