IndianOil liquidates Rs 806 cr worth oil bonds

The Pioneer, New Delhi
Indian Oil Corp (IOC) on Thursday said it has liquidated Rs 806 crore worth of oil bonds maturing in 2021 and 2023 in the secondary market trade. The sale was concluded on Thursday through the book building route. "The issue generated a very good response despite the constant strain on liquidity currently in the money markets," a company release said. The yields and short-term interest rates have elevated post the announcement of CRR hike of 50 basis points by RBI.