On Thursday, the state owned Bharat Petroleum Corp Ltd said that the company to fund its capital expenditure has raised USD 500 million through fixed rate unsecured notes.

In a BSE filing said, “BPCL has launched an issue of USD 500 million fixed rate unsecured notes due 2025, which were  priced on April 29.”

The notes will bear a fixed interest of 4% with interest payable semi-annually, it added.

The notes will be listed on the Singapore Stock Exchange and the proceeds will be used for purpose of capital expenditures