NEW DELHI, Feb 4 (PTI): Reliance Industries today raised $750 million (about Rs 4,624 crore) through a 30-year overseas bond issue, just a fortnight after it raised $1 billion in India's first such bond of the year.
The issue carried a coupon of 4.875 per cent, which is the lowest achieved by an Asian private corporate issuer in the 30 year bucket. RIL priced its latest Reg S/144A bond at Treasuries plus 262.5 basis point, which is 22 basis point tighter than its initial price offering.
RIL had on January 22 raised $1 billion by selling 10-year bonds at an interest rate of 4.125 per cent, which the company claimed was the lowest in Asia and with almost no new-issue premium. It had raised over USD 3.3 billion in forex debt last year.
Today's bond issue is the "first ever single tranche 30-year deal by a private corporate issuer out of Asia," the company said in a statement, adding that it carried lowest coupon ever achieved by an Asian private corporate issuer for a 30-year issuance.
RIL is the only company out of India to have issued 30 year bonds.
Order books for the issue reached $2.3 billion from more than 160 accounts, with 47 per cent of the notes going to Asian investors, 45 per cent to US investors and the remainder to European accounts.
RIL raises $750m from overseas bond issue
FE Team | Published: February 05, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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