 "RIL raises $225 million through overseas bond issue")
Reliance Industries has raised $225 million (approx Rs 1,468 crore) through overseas bond issue due in 2026, guaranteed by the Export-Import Bank of the United States.
In a statement the company said it has "priced an offering of $225 million, 2.512% on notes due in 2026 guaranteed by the Export-Import Bank of the United States."
This is the first time Export-Import Bank of the United States guaranteed Notes issuance out of India, RIL said.
"The Notes will bear a fixed interest rate of 2.512% per annum, with interest payable semi-annually. The principal amount of the notes will be payable in consecutive semi-annual installments commencing on July 15, 2016 up to the maturity on January 15, 2026," the statement added.
RIL's scrip was trading at Rs 939 down 1.44% on the Bombay Stock Exchange.
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