Reliance Industries raises $225 mn through overseas bond issue

New Delhi: Reliance Industries Ltd (RIL) today said it has raised $225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.[caption id=“attachment_2334664” align=“alignleft” width=“380”]  Representational Image. AP [/caption] In a BSE filing, Reliance Industries said it has “priced an offering of USD 225 million, 2.512 percent on notes due in 2026 guaranteed by the Export-Import Bank of the United States.” RIL said this is the first time Export-Import Bank of the United States guaranteed Notes issuance out of India. “The Notes will bear a fixed interest rate of 2.512 percent per annum, with interest payable semi-annually. The principal amount of the notes will be payable in consecutive semi-annual installments commencing on July 15, 2016 up to the maturity on January 15, 2026,” the company added. PTI (Disclosure: Firstpost is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited.)