Reliance Communications (RCom) has launched closed and priced the issue of $300 million Notes on April 27, 2015. The Notes have a tenor of 5 1/2 years due in 2020 and carry a coupon of 6.5% per annum, payable semi annually. The Notes are expected to be settled by May 6, 2015. The Notes will be listed on the Singapore Stock Exchange.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
