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RIL raises $200 million through 20-year bonds

20 May 2015 Evaluate

Reliance Industries (RIL) has raised $200 million through 20-year bonds. The notes have been issued at par and will bear a fixed interest rate of 5 per cent per annum with interest payable semi-annually in arrears.

These notes, denominated in dollar, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange. Such notes are commonly known as Formosa bonds. This has been the first ever Formosa bond issuance by an energy company globally and the longest tenor Formosa bond issuance by a corporate out of Asia.

Deutsche Bank AG, Taipei Branch and HSBC Bank (Taiwan) acted as joint book-runners and lead managers on the transaction. Morgan Stanley acted as the structuring agent on the transaction.

Reliance Industries Share Price

1435.70 0.00 (0.00%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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