Investors flock to HPCL-Mittal 10-yr dollar debut

The joint venture between HPCL and steel tycoon Lakshmi Mittal draws impressive $1.5 billion order book, allowing debut issuer to increase the size of the bond to $375 million.

Indian refiner HPCL-Mittal Energy ventured into the international bond markets for the first time this week, selling an upsized $375 million 10-year bond in a relatively stable market.

¬ Haymarket Media Limited. All rights reserved.

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