Oil India International pricing dollar 10-year notes on Tuesday; talk Treasuries plus 175 bps area

By Colin Hanner

Chicago, April 11 – Oil India International Pte. Ltd. will price dollar-denominated 10-year fixed-rate notes on Tuesday, a market source said.

Final guidance for the new notes will be 10-year Treasuries plus 175 basis points, plus or minus 2½ bps.

Orders for the new notes came in at just under $2.6 billion.

Barclays, Citigroup, DBS Bank Ltd. and Standard Chartered Bank are the joint global coordinators and bookrunners for the deal.

Mizuho Securities and MUFG are also bookrunners.

The notes will be issued under Regulation S.

Proceeds will go toward repaying foreign currency debt.

The issuer is a hydrocarbon exploration and production public sector company.

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