Mumbai: India's Bharat Petroleum Corp is planning to raise 5 billion rupees (USD95.74 million) via bonds at 8.65 percent, a source directly involved in the deal said.

The country's second largest state-run refiner will issue five-year bonds with a put/call option at the end of the third year, the source said.

HSBC is the sole arranger to the deal, according to the source. (USD1 = 52.2250 Indian rupees)


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