Reliance Industries raises $4 billion in US dollar bonds: Term sheet

Reuters Updated - January 06, 2022 at 10:12 AM.

Part of the cash will be used to refinance $1.5 billion worth of debt

FILE PHOTO: A man walks past a Reliance Industries Limited sign board installed on a road divider in the western Indian city of Gandhinagar January 17, 2014. Indian energy conglomerate Reliance Industries reported a nearly flat profit of 55.11 billion rupees ($895 million) for the December quarter but beat analyst estimates, helped by stable margins in its main refining business. REUTERS/Amit Dave (INDIA - Tags: BUSINESS ENERGY)/File Photo

Reliance Industries Ltd has raised $4 billion in a three-tranche US dollar bond issuance, according to a term sheet seen by Reuters.

The conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal.'

Part of the cash will be used to refinance $1.5 billion worth of debt due to mature in February, the term sheet said.

Reliance did not immediately respond to a request for comment from Reuters.

Published on January 6, 2022 04:09