Energy firm HPCL-Mittal establishes curve with 10yr

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Energy firm HPCL-Mittal establishes curve with 10yr

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India’s HPCL-Mittal Energy (HMEL) took centre stage on Monday, selling the only international bond from Asia ex-Japan. The 4x covered deal benefited from support from state-owned HPCL, with the bonds trading up by 50 cents in the secondary market.

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