RIL launches India Inc's biggest bond sale abroad

RIL launches India Inc's biggest bond sale abroad

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

Change Language English Hindi

Category : Business and economics Published on: January 08 2022

Share on facebook
  • 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.
Recent Post's
  • 12th-century Mandir-style pillar fragments discovered in Hinganghat reflect Hemadpanti architecture and highlight the region’s medieval cultural significance.

    Read More....
  • Varanasi sets a Guinness record by planting over 2.5 lakh saplings in one hour using Miyawaki method under Namo Van urban forest project.

    Read More....
  • India enters advanced memory manufacturing as Micron’s Sanand ATMP facility begins DRAM and NAND production with $2.7 billion investment.

    Read More....
  • US and Israel launch coordinated strikes on Iran, targeting top leadership, escalating tensions in West Asia.

    Read More....
  • Oldest known hand stencil dated 67,800 years discovered in Sulawesi cave, highlighting early human symbolic expression.

    Read More....
  • Tripura launches its first State Innovation Mission with T-NEST hub, promoting startups, AI policy, and inclusive innovation.

    Read More....
  • Mangaluru Airport wins ASQ ‘Best Airport at Arrivals’ award for the second consecutive year.

    Read More....
  • NSV Kaundinya completes maiden Oman voyage and returns to Mumbai, highlighting India’s maritime heritage.

    Read More....
  • Assam distributes land pattas to over one lakh families under Mission Basundhara 3.0, enhancing legal ownership and governance.

    Read More....
  • UAE launches world’s first sovereign financial cloud, SFCSI, offering AI-driven secure digital infrastructure for financial institutions.

    Read More....