ALSO READForeign funds buy 4.5% stake in Reliance MF for $100 mn Reliance Industries' first-quarter standalone profit up 9 percent, tops estimates Reliance Industries second quarter profit up 7 percent, lags estimates Reliance Industries Q2 profit up 7 percent, lags estimates Reliance Industries posts 9 percent rise in standalone profit
Reliance Industries today said it is looking to raise USD 800 milion via issue of foreign bonds.
"The company is considering an issuance of senior unsecured fixed rate notes for an aggregate amount of USD 800 million in an transaction on subject to or exempt from the registration requirements under the US Securities Act of 1933 as amended during the week beginning on Monday, November 20 or any time thereafter depending on market conditions," Reliance Industries said in a regulatory filing.
The proceeds of the issue will be utilised for refinancing of existing borrowings, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)