oil india

The sovereign quenches the thirst of frontier market investors by issuing a $2 billion dual-tranche bond, its first international note in seven years.

Three Indian oil companies, Malaysia's Petronas and Spain's Repsol are awarded the mandate to partner with the Venezuelan state oil company on a multi-billion dollar oil project in Venezuela.

The deal is just under 31 times covered, making Oil India the most popular Indian IPO so far this year.

The deal, which will open for subscription on September 7, will be the second part-privatisation by the Indian government this year, after NHPC's popular $1.25 billion IPO earlier this month.