India’s Videsh Vankorneft on roadshow for dollar-denominated notes

By Christine Van Dusen

Atlanta, July 14 – ONGC Videsh Vankorneft Pte. Ltd. – a wholly owned subsidiary of Oil and Natural Gas Corp. Ltd. – began a roadshow on Thursday for an offering of dollar-denominated notes, a market source said.

Citigroup and Standard Chartered Bank are the joint global coordinators and – along with DBS Bank, Mizuho Securities, MUFG and SMBC Nikko – the joint bookrunners and joint lead managers for the Regulation S deal.

The roadshow is being held in Asia and Europe.

ONGC is based in Dehradun, India.

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