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RIL offers $750 million Senior Unsecured Notes

04 Feb 2015 Evaluate

Reliance Industries (RIL) has priced a Rule 144A/Regulation S offering of $750 million 4.875% Senior Unsecured Notes due 2045. The Notes have been assigned a rating of BBB+ (S&P) and Baa2 (Moody’s).

The Notes have been priced at 262.5 basis points over the 30-year US Treasury Note, at a price of 98.865 to yield 4.948%. The Notes will be denominated in US dollars, and will bear fixed interest of 4.875% per annum, with interest payable semi-annually in arrears and shall rank with all other unsecured and unsubordinated obligations of the company. The funds will be utilized for its ongoing capital expenditure.

The Notes were over 3.07 times over-subscribed across 167 accounts. In terms of geographic distribution, the Notes were distributed 47% in Asia, 8% in Europe and 45% in the United States. In terms of investor distribution, the Notes were distributed to high quality fixed income accounts: 52% to fund managers, 31% to insurance companies, 8% to pension funds, 6% to central banks and sovereign wealth funds, 2% to banks and 1 % to private banks.

Reliance Industries Share Price

1435.70 -2.15 (-0.15%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 146.85
BPCL 307.60
HPCL 396.25
MRPL 155.40
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