The Reliance Industries Ltd said that it has raised USD 225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.

In a BSE filing the company said that it has “priced an offering of USD 225 million, 2.512 per cent on notes due in 2026 guaranteed by the Export-Import Bank of the United States.”

According to RIL this is the first time when the Export-Import Bank of the United States has guaranteed Notes issuance out of India.

The company further added that “The Notes will bear a fixed interest rate of 2.512 per cent 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.”

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