This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Bond Market News
Reliance Plans Dollar Bond Issuance of up to $5bn
January 3, 2022
India’s Reliance Industries Ltd (RIL) plans to raise up to $5bn in in dollar bonds. The Economic Times said that proceeds will be used refinance earlier debt raised from international investors along with a bundle of loan maturities due in the next 3-4 months. Reliance said that the bond issuance proposal for the fixed rate notes in one or more tranches, was approved by the board. If the issuance goes ahead, this would be the largest offshore bond issuance by an Indian company at one go. Reliance last issued a dollar bond in 2017, by raising $800mn via a 10Y bond at a yield of 3.667%.
Reliance’s 3.667% 2027s were trading stable at 107.4, yielding 2.32%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:ChemChina Unit Sells Europe’s REC Solar to RIL for $771mn
October 11, 2021
Reliance’s Profits Jump 43%
October 25, 2021
RIL-Aramco $15bn Refinery Sale Scrapped
November 23, 2021
BondbloX is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.