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RIL to offer 10-year US dollar bond

21 Jan 2015 Evaluate

Reliance Industries (RIL) is all set to offer 10-year 144A/Reg S bonds to yield around 265 bps over US Treasuries. The fixed rate senior unsecured US dollar benchmark bonds are expected to be rated on par with the issuer at Baa2 from Moody’s and BBB+ from Standard & Poor’s.

Bank of America Merrill Lynch, Citigroup, HSBC and Standard Chartered are the joint global co-ordinators. Barclays, Deutsche Bank, JP Morgan and Morgan Stanley are active bookrunners, and ANZ, BNP Paribas, Credit Agricole CIB and RBS are passive bookrunners.

Reliance Industries is India’s largest private sector company, with a consolidated turnover of Rs 4,46,339 crore ($74.5 billion), cash profit of Rs 33,980 crore ($5.7 billion) and net profit of Rs 22,493 crore ($3.8 billion) for the year ended March 31, 2014.

Reliance Industries Share Price

1440.05 2.20 (0.15%)
07-May-2026 12:31 View Price Chart
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Company Name CMP
Reliance Industries 1440.05
Indian Oil Corp. 146.30
BPCL 307.20
HPCL 391.40
MRPL 155.65
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