J. Sagar Associates and Allen & Overy acted on the issuance of $2.2 billion (Rs. 13,335 crore) bonds by ONGC Videsh Limited (OVL) in the international capital markets..Allen & Overy advised BNP Paribas, Citigroup, Deutsche Bank, Royal Bank of Scotland, and Standard Chartered Bank, as joint lead managers and bookrunners, on the issuance..The A&O team was led by Partners Andrew Harrow and Amit Singh along with Associates Garrick Merlo, Emily Dong, Julie Song and Debolina Saha..J. Sagar Associates acted for OVL with a team led by Partners Dina Wadia and Uttara Kolhatkar along with Associates Vardaan Ahluwalia and Shaswata Dutta..This bond sale is the biggest ever from Asia and the money will be used to fund the company’s acquisition in Mozambique, reports Mint..A&O Partner Amit commented, “It is expected that there will be robust pipeline of capital markets issues this year (both debt and equity) given the outcome of the recent Indian parliamentary elections.”
J. Sagar Associates and Allen & Overy acted on the issuance of $2.2 billion (Rs. 13,335 crore) bonds by ONGC Videsh Limited (OVL) in the international capital markets..Allen & Overy advised BNP Paribas, Citigroup, Deutsche Bank, Royal Bank of Scotland, and Standard Chartered Bank, as joint lead managers and bookrunners, on the issuance..The A&O team was led by Partners Andrew Harrow and Amit Singh along with Associates Garrick Merlo, Emily Dong, Julie Song and Debolina Saha..J. Sagar Associates acted for OVL with a team led by Partners Dina Wadia and Uttara Kolhatkar along with Associates Vardaan Ahluwalia and Shaswata Dutta..This bond sale is the biggest ever from Asia and the money will be used to fund the company’s acquisition in Mozambique, reports Mint..A&O Partner Amit commented, “It is expected that there will be robust pipeline of capital markets issues this year (both debt and equity) given the outcome of the recent Indian parliamentary elections.”
