ONGC lists $300 million debt issue on India International Exchange

Issue comes with a coupon rate of 3.375% and is due in 2029

State-run Oil & Natural Gas Corporation (ONGC) has listed its $300 million issue on the Global Securities Market of India International Exchange IFSC (India INX). The issue was made under ONGC's Euro medium-term note (EMTN) programme. 

In a statement, India INX said the issue comes with a coupon rate of 3.375 per cent and is due in 2029. The exchange further said that ONGC has established its $2 billion medium-term note (MTN) programme on the exchange's Global securities Market and the $300 million is its maiden issue under the programme.

An EMTN programme is an uncommitted facility and any drawdown