Notes priced at 98.998 to yield 4.249%.
Reliance Industries announced that it has priced a Rule 144A/ Regulation S offering of USD 1 billion 4.125% Senior Unsecured Notes due 2025. The notes have been priced at 240 basis points over the 10-year US Treasury Note, at a price of 98.998 to yield 4.249%. The notes will be denominated in US dollars and will bear fixed interest of 4.125% p.a., with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. The funds will be utilized for the company's ongoing capital expenditurePowered by Capital Market - Live News