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INDIA'S RIL RAISES US$300 MLN VIA DEBT SECURITIES PLACEMENT.
NEW DELHI, Nov 1 Asia Pulse - Reliance Industries Ltd (RIL) (BSE:500325) has raised US$300 million through private placement of debt securities in the US, marking the first such issue by an Indian company.
Bank of America Securities, which managed the issue, said it has successfully closed the debt placement for RIL, which would diversify the company's sources of funding and help it meet its capital expenditure needs.
Under the deal, RIL's senior unsecured notes have been placed under the US insurance companies for a period of 10 and 12 years and would serve to expand RIL's overall debt maturity schedule, the Bank said in a statement.
Separately, the Bank in a newspaper advertisement said that the issue was for US$300 million. The financing would ...
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Source: HighBeam Research, INDIA'S RIL RAISES US$300 MLN VIA DEBT SECURITIES PLACEMENT.