Reliance Industries announced on January 5 that it has raised $4 billion in multi-tranche offering comprising of: $1,500,000,000 2.875 per cent Senior Unsecured Notes due 2032, $1,750,000,000 3.625 per cent Senior Unsecured Notes due 2052, $750,000,000 3.750 per cent Senior Unsecured Notes due 2062. This was the largest ever foreign currency bond issuance from India. The Notes were rated BBB+ by S&P and Baa2 by Moody’s, the company mentioned.
“Interest on the Notes will be payable semi-annually in arrears and the Notes shall rank pari passu with all other unsecured and unsubordinated obligations of RIL,” Mukesh Ambani-owned company said in a press release.
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