Allen & Overy Advises On Bond Offering By Oil India International Pte. Ltd. and Oil India Limited
Legal News & Analysis - Asia Pacific - India - Capital Markets
16 May, 2017
Allen & Overy advised the joint lead managers on the USD500 million 4.00% bond offering by Oil India International Pte. Ltd. (OIIPL), as issuer, and Oil India Limited, as guarantor. OIIPL is a wholly owned Singapore based subsidiary of Oil India Limited which is the second largest national oil and gas company in India as measured by total proved plus probable oil and natural gas reserves and production. The joint lead managers consisted of Barclays Bank PLC, Singapore Branch, Citigroup Global Markets Singapore Pte. Ltd., Standard Chartered Bank, DBS Bank Ltd., Mizuho Securities Asia Limited and MUFG Securities Asia (Singapore) Limited.
Commenting on the Oil India transaction, Allen & Overy U.S. securities partner Amit Singh said: “It was a privilege to work with the joint lead managers and the Oil India team on this transaction. We have now represented all of the Indian state owned oil and gas companies on their bond offerings which is a testament to the reputation we enjoy in the Indian market and the depth of our bench.”
The Allen & Overy team was led by Amit Singh from Hong Kong with support from counsel David Cameron and associate Julie Song. Ken Rivlin from New York and Andrea Al-Attar from Washington D.C. also assisted with sanctions-related advice.