Srikanth venkatachari - Latest News Update, Information, Photos & Videos on Srikanth venkatachari at Lokmat Times

Mukesh Ambani-led Reliance Industries Limited (RIL) said on Thursday it has raised $4 billion in US dollar bonds which is the largest such issue by an Indian corporate. The bond issue was nearly three times oversubscribed."The bond proceeds will be primarily used for refinancing of existing borrowings," RIL said in a statement."We are extremely pleased with the strong outcome on our multi-tranche long dated USD bond issuance, having issued not only the largest debt capital market transaction at $4 billion but also the tightest credit spreads across each of the long-dated tenors for any corporate in India," said Srikanth Venkatachari, Joint Chief Financial Officer of RIL."The support received from the marquee international capital market investors is reflective of the strength of our underlying businesses with established growth platforms across energy, consumer and technology as well as robustness of our balance sheet. This issue continues the tradition of Reliance being a sophisticated and innovative issuer across the capital structure," Venkatachari added.RIL has joined a select group of issuers from Asia to have made jumbo bond issuances. The bond has been rated BBB+ by S&P and Baa2 by Moody's.The bonds have been priced at 120 basis points, 160 basis points and 170 basis points over the respective US Treasuries benchmark.The Notes received orders from over 200 accounts in Asia, Europe and the United States. In terms of geographic distribution, the Notes were distributed: 53 per cent in Asia, 14 per cent in Europe and 33 per cent in the United States.BoFA Securities, Citigroup, and HSBC acted as Joint Global Coordinators. BofA Securities, Citigroup, HSBC, Barclays, JP Morgan and MUFG acted as Joint Active Bookrunners. ANZ, BNP PARIBAS, Credit Agricole CIB, DBS Bank Ltd., Mizuho Securities, SMBC Nikko, Standard Chartered Bank and State Bank of India, London Branch acted as Joint Passive Bookrunners, RIL said.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Srikanth VenkatachariFOLLOW

Srikanth venkatachari, Latest News

International :RIL's largest ever foreign currency bond issuance from India

New Delhi, Jan 6 Reliance Industries Limited (RIL) announced that on January 5, 2022, it has priced a ... ...

Business :RIL raises $4 billion in US dollar bonds, the largest by an Indian corporate

Mukesh Ambani-led Reliance Industries Limited (RIL) said on Thursday it has raised $4 billion in US dollar bonds which is the largest such issue by an Indian corporate. The bond issue was nearly three times oversubscribed. ...