Mukesh Ambani-led Reliance Industries Ltd on Friday told the Bombay Stock Exchange (BSE) that its wholly-owned subsidiary Reliance Holding USA has raised $500 million (Rs 2,463 crore) by selling bonds to foreign investors.
The additional notes will be consolidated and form a single series with the $1,000 million 5.4% guaranteed senior notes due by 2022 (the ‘Notes’) and will be fully and unconditionally guaranteed by RIL.
The statement added that the transaction was over-subscribed by 7.5 times with an order book aggregating $3.7 billion from high quality investor accounts.
“The additional notes priced at 325 basis points over the 10-year US treasury note, at a price of 101.018% to yield 5.267%. The additional notes will bear fixed interest of 5.400% per annum, with interest payable semi-annually in arrears,” the company said.