HPCL to raise Rs 100 billion via debt

Hindustan Petroleum Corporation Limited (HPCL) has decided to raise up to Rs 100 billion via non-convertible debentures on a private placement basis. HPCL has issued unsecured, redeemable, non-convertible, non-cumulative and taxable debentures of Rs 1 million each, aggregating Rs 7.50 billion as on December 15, 2022. The date of maturity has been fixed as April 15, 2033 and the coupon/interest offered again­st the issue is 7.54 per cent per annum.