RIL launches India Inc's biggest bond sale abroad

Daily Current Affairs / RIL launches India Inc's biggest bond sale abroad

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Category : Business and economics Published on: January 08 2022

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Reliance Industries Ltd (RIL NSE 1.12 %) launched its mega bond sale as the company sought to raise $3-5 billion from offshore investors.
This will be the largest-ever bond sale by an Indian company tapping overseas money and the year's first fundraising from the country.
RIL had received board approval on January 1 to raise up to $5 billion in multiple tranches through US-denominated notes.
The company said the bond issue was subscribed over three times with orders mostly from Asia and the US.