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BPCL raised $500 million to fund its capital expenditure

On Thursday, the state owned Bharat Petroleum Corp Ltd said that the company to fund its capital expenditure has raised USD 500 million through fixed rate unsecured notes.

In a BSE filing said, “BPCL has launched an issue of USD 500 million fixed rate unsecured notes due 2025, which were  priced on April 29.”

The notes will bear a fixed interest of 4% with interest payable semi-annually, it added.

The notes will be listed on the Singapore Stock Exchange and the proceeds will be used for purpose of capital expenditures

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