Saturday, October 16, 2010

RIL raises USD 1.5 bn via long term binds

Reliance Industries (RIL) has raised USD 1.5 billion in dual tranche long term bond issue, reports us. It is learnt that RIL raised USD 1 billion via 10-year bond issues and the rest USD 500 million via 30-year bond issues.

RIL has incurred the funds under 144A Reg S bond issuance through Reliance Holdings, USA.

10-year bonds have 25% demand in Asia, 21% in Europe and 54% in US. However, demand for 30-year bonds are higher in Asia at 27%, 18% in Europe and 55% in US.

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