Politics News

Reliance Industries Raises $4 Billion, Largest Foreign Currency Bond Issuance from India

Reliance Industries Chairman Mukesh Ambani (News18/File)

This was the largest ever foreign currency bond issuance from India

  • News18.com
  • Last Updated:January 06, 2022, 12:26 IST
  • FOLLOW US ON:

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.

Disclaimer:Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Read all the Latest News, Breaking News and Coronavirus News here.

Leave a Reply

Your email address will not be published. Required fields are marked *