Reliance Industries (RIL) has raised $800 million through issue of foreign bonds. The company has successfully priced 10 year fixed rate senior unsecured notes for an aggregate amount of $800 million in a transaction not subject to, or exempt from, the registration requirements under the US Securities Act of 1933. The company will use the proceeds of the issue to redeem its $800 million 5.875% existing senior perpetual unsecured notes pursuant to the terms of such notes.
RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
