Reliance Industries Ltd (RIL) today said it has raised $225 million (about Rs. 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.
In a BSE filing, Reliance Industries said it has “priced an offering of $225 million, 2.512 per cent on notes due in 2026 guaranteed by the Export-Import Bank of the United States.”
RIL said this is the first time Export-Import Bank of the United States guaranteed notes issuance out of India.
“The notes will bear a fixed interest rate of 2.512 per cent per annum, with interest payable semi-annually. The principal amount of the notes will be payable in consecutive semi-annual instalments commencing on July 15, 2016 up to the maturity on January 15, 2026,” the company added.
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