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Reliance industries has raised $225 million through overseas bond issue


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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