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Reliance Industries raises $200 mn through Formosa bonds in Taiwan

May 19, 2015    

New Delhi: Reliance Industries today said it has raised $200 million by selling so-called Formosa bonds in Taiwan, Asia's hottest bond market.This is the first such sale by an Indian issuer.The debt, bought primarily by Taiwanese life insurance companies, offers investors a fixed interest rate of 5 percent, payable half-year, the company said in a statement."These Notes, denominated in US dollars, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange (formerly known as GreTai Securities Market). Such notes are commonly known as F...

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