Reliance Industries Ltd.

Reliance Industries (RIL) is launching a Rs 9,000 crore non-convertible debenture (NCD) issue on April 16 and the proceeds from the debt sale will be used to repay existing rupee debt. The issue has two components: firstly Rs 4,500-crore fixed rate tranche and an equal tranche with floating rate and both the issues are offering a coupon of 7.20 per cent-4.40 per cent of repo with a spread of 2.80 per cent.

Reliance Industries 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.