Hindustan Petroleum issues debentures worth Rs 2,500 crores at 6.73 pc coupon rate
New Delhi: State owned Hindustan Petroleum Corporation Limited has issued debentures of total Rs 2500 crores on private placement basis on 29 April.
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As per the filing, we write to inform that the Company had issued Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures of Rs.1,00,000/- each aggregating to Rs. 2500 Crores on private placement basis on April 29, 2025 for funding of refinancing of existing borrowings and/or funding of Capital Expenditure of the Issuer, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Issuer.
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The date of the maturity of the instrument is 29 April 2030. The coupon rate of the debentures is 6.73 percent per annum.
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