ONGC to sell bonds to fund ACG buy

India’s Oil & Natural Gas Corp (ONGC) is planning to sell dollar bonds to fund its $1 billion acquisition of a stake in oilfields in Azerbaijan, according to reports.

Raising funds: ONGC Videsh plans to sell dollar bonds to fund its purchase of a stake in the ACG fields
Raising funds: ONGC Videsh plans to sell dollar bonds to fund its purchase of a stake in the ACG fields
Published 21 November 2012, 03:40Updated 11 October 2016, 10:49
Eastern Europe