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Reliance Industries raises $1 bn via 10-year bond issue

Jan 22, 2015    

New Delhi: Reliance Industries has raised $1 billion in debt through a 10 year bond issue at an interest rates considered lowest in Asia and with almost no new-issue premium. "The Notes will be denominated in US dollars, and will bear fixed interest of 4.125 percent per annum, with interest payable semi-annually in arrears," RIL said, adding the funds will be utilised for ongoing capital expenditure. This is the "lowest coupon ever achieved by an Asia ex Japan corporate issuer in the BBB category for a 10 year issuance with a size of $1 billion or more" the company said in ...

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