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State-owned oil marketer Bharat Petroleum Corp Ltd (BPCL) has raised $500 million by issuing 10-year unsecured notes. The fund raising will be used towards its capital expenditure. The notes carry a coupon of four per cent per annum payable semi-annually. They are expected to be settled by May 8, 2025. According to BPCL’s filing with stock exchanges, the notes will be listed on the Singapore Stock Exchange. Shares of BPCL gained 1.34 per cent on the BSE on Thursday, closing at ₹765.75.
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