IOC to offer bonds as the trend of bonds decline

Amidst the global economic slowdown, the Indian bonds have taken a coupled hit from the global economy as well as their local economy and have caused the bonds and funds to take a dip and drop their valuations substantially.

Indian Oil Corporation plans to raise Rs 3,000 crore from the local bond market, which the state-owned refiner and fuel retailer is tapping after a gap of seven years. The proceeds are likely to be used for capit....