Amarchand & Mangaldas & Suresh A. Shroff & Co. advised state-run Oil India Ltd. on a $1 billion note issue on the Singapore Exchange.

In a statement to the Bombay Stock Exchange, Oil India said it sold two $500 million tranches of notes, a five-year and a 10-year, in order to raise cash to repay debt.

Mumbai partner Niloufer Lam led the Amarchand team advising Oil India on the sale.

Herbert Smith Freehills Singapore partner Philip Lee and Hong Kong partner Kyle Wombolt acted for joint lead managers Standard Chartered Bank, Royal Bank of Scotland Plc., Citigroup Global Markets Ltd., Deutsche Bank AG and Hongkong and Shanghai Banking Corp. Ltd.