Bharat Petroleum Corporation sets up MTN programme

Aggregating not more than USD 2 billion

Bharat Petroleum Corporation announced that the Company has set-up a Medium Term Note (MTN) Programme to facilitate the raising of funds on a regular basis from the international debt capital markets. The aggregate nominal amount of Notes outstanding under the program will not exceed USD 2 billion (or its equivalent in other currencies). Fitch Ratings has assigned a 'BBB-' rating and Moody's Investors Service has assigned a provisional (P) Baa3 rating to the MTN Programme.

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