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RIL raises $225 million through 10-year bonds

20 Aug 2015 Evaluate

Reliance Industries (RIL) has raised $225 million through 10-year bonds. The notes have been issued at par and will bear a fixed interest rate of 2.512 per cent per annum with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. The principal amount of the notes will be payable in consecutive semiannual installments commencing on July 15, 2016 up to the maturity on January 15, 2026.

The proceeds of these fixed rate notes will be utilized by the company to replace a portion of the Ex-Lm Bank guaranteed floating rate loan which was availed to finance capital expenditure at the company’s Jamnagar site in India.

Reliance Industries (RIL) is India’s largest private sector company, with a consolidated turnover of Rs 3,88,494 crore ($62.2 billion), cash profit of Rs 36,291 crore ($5.8 billion) and net profit of Rs 23,566 crore ($3.8 billion) for the year ended March 31, 2015.  RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and continues to be featured for the 11th consecutive year, currently ranking 114th in terms of revenues and 155th in terms of profits.

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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