New Delhi, April 30: ONGC Videsh Ltd has said its inaugural $800 million dual-tranche bond guranteed by the parent, ONGC, was over-subscribed.
The company said the bond was over-subscribed with an order book aggregating close to $3 billion from high quality investor accounts.
OVL had floated the bond in two tranches: $300 million in 5-year tenor and $500 million in 10-year tenor.
