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RIL to raise $1 billion through 10-year bonds sale

22 Jan 2015 Evaluate

Reliance Industries (RIL) is planning to raise at least $1 billion by selling 10-year bonds to overseas investors. This is the first sale of 10-year bonds by the company in more than a year.

Bank of America-Merrill Lynch, Citibank, HSBC and Standard Chartered are the lead bankers to the issue. Barclays, Deutsche Bank, JP Morgan Chase, Morgan Stanley, Australian and New Zealand Banking Group, BNP Paribas, Credit Agricole CIB and The Royal Bank of Scotland are also involved.

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.

 

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