RIL raises USD 225 million through overseas bond issue

Reliance Industries Ltd (RIL) today said it has raised USD 225 million (about Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.
In a BSE filing, Reliance Industries said it has "priced an offering of USD 225 million, 2.512 per cent on notes due in 2026 guaranteed by the Export-Import Bank of the United States."
RIL said this is the first time Export-Import Bank of the United States guaranteed Notes issuance out of India.
"The Notes will bear a fixed interest rate of 2.512 per cent per annum, with interest payable semi-annually. The principal amount of the notes will be payable in consecutive semi-annual installments commencing on July 15, 2016 up to the maturity on January 15, 2026," the company added.

Shares of RIL were trading at Rs 944 apiece, 0.91 per cent, from their previous close on the BSE.