Reliance Industries raises $225 million through overseas bond issue
Bonds due in 2026 will bear a fixed interest rate of 2.512% per annum, with interest payable semi-annually
New Delhi: Reliance Industries Ltd (RIL) on Thursday said it has raised $225 million (about ₹ 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.
In a BSE filing, Reliance Industries said it has “priced an offering of $225 million, 2.512% 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% 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.
Shares of RIL on Thursday closed at ₹ 918.85 apiece, 3.55% down from their previous close on the BSE.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!