Reliance Industries plans to raise $1 billion through bonds
Reliance Industries plans to raise at least USD 1 billion through bonds denominated in US dollars, bankers said today.
By PTI |
NEW DELHI: Reliance Industries plans to raise at least USD 1 billion through bonds denominated in US dollars, bankers said today.
The proceeds will be used to refinance USD 765 million of loans the company has taken for its acquisition of shale gas ventures in the US.
Reliance Holding USA, Inc, a wholly owned subsidiary of RIL, has mandated Bank of America, Merrill Lynch, Citi, HSBC and The Royal Bank of Scotland as joint book-runners and joint lead managers for the proposed benchmark 10-year and 30-year US Dollar bond offering.
The issue is guaranteed by RIL, said the announcement issued by bankers.
The transaction is expected to be launched following a roadshow commencing on October 6.
The proceeds will be used to refinance USD 765 million of loans the company has taken for its acquisition of shale gas ventures in the US.
Reliance Holding USA, Inc, a wholly owned subsidiary of RIL, has mandated Bank of America, Merrill Lynch, Citi, HSBC and The Royal Bank of Scotland as joint book-runners and joint lead managers for the proposed benchmark 10-year and 30-year US Dollar bond offering.
The issue is guaranteed by RIL, said the announcement issued by bankers.
The transaction is expected to be launched following a roadshow commencing on October 6.
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