Indian Oil aims to raise Rs 15,000 crore via debt

"About $500 million (of Rs 15,000 crore) could be raised through foreign currency loans and bonds, likely in February-March, by when another round of Fed rate cut could make foreign borrowing more attractive," Anuj Jain, director (finance), Indian Oil Corporation, told ET, adding that if the interest rate is attractive, the company could raise as much as $1 billion in foreign currency loans.