Allen & Overy advises on the benchmark bond offering by major Indian state owned oil and gas company
Allen & Overy advised the joint lead managers on the USD500 million 4.00% bond offering by Oil India International Pte. Ltd. (OIIPL), as issuer, and Oil India Limited, as guarantor. OIIPL is a wholly owned Singapore based subsidiary of Oil India Limited which is the second largest national oil and gas company in India as measured by total proved plus probable oil and natural gas reserves and production. The joint lead managers consisted of Barclays Bank PLC, Singapore Branch, Citigroup Global Markets Singapore Pte.