Hindustan Petroleum in dollar market to sell $500 mn bonds

Despite rising interest rates in the dollar-bond market that has been keeping away domestic corporations from tapping overseas debt market so far in this year, state-run refiner HPCL has hit the same with a USD500 million issue.

"Hindustan Petroleum is in the dollar-bond market with a benchmark issue. The refiner is likely to raise USD 500 million dollar money," i-banking sources told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)