Reliance Industries rose 0.4% to Rs 894.05 at 15:25 IST on BSE after the company announced that it has priced its Regulation S offering of $200 million 5% Senior Unsecured Callable Notes due 2035.
The company made the announcement during market hours today, 19 May 2015.
Meanwhile, the S&P BSE Sensex was down 48.47 points or 0.18% at 27,638.83.
On BSE, so far 3.12 lakh shares were traded in the counter as against average daily volume of 4.23 lakh shares in the past one quarter.
The stock hit a high of Rs 904.95 and a low of Rs 887.10 so far during the day. The stock had hit a 52-week high of Rs 1142.50 on 16 May 2014. The stock had hit a 52-week low of Rs 796.75 on 30 March 2015.
The stock had underperformed the market over the past one month till 18 May 2015, falling 3.92% compared with Sensex's 2.65% fall. The scrip had however outperformed the market in past one quarter, dropping 1.21% as against Sensex's 5.57% fall.
The large-cap firm has equity capital of Rs 3236.10 crore. Face value per share is Rs 10.
Reliance Industries (RIL) announced that it has priced its Regulation S offering of $200 million 5% Senior Unsecured Callable Notes due 2035 (the Notes). These Notes, denominated in US dollars, have been issued primarily to Taiwanese life insurance companies and are proposed to be listed on Taipei Exchange (formerly known as GreTai Securities Market). Such notes are commonly known as Formosa Bonds.
It was the first ever Formosa Bond issuance by an energy company globally and was the longest tenor Formosa Bond issuance by a corporate out of Asia with first ever Formosa Bond issuance out of India.
The Notes are being issued at par and will bear a fixed interest rate of 5% per annum with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. The Notes will also have an annual call option at par starting 5 June 2020. The funds will be utilized for the company's ongoing capital expenditure.
RIL's consolidated net profit rose 8.5% to Rs 6381 crore on 34% fall in total income to Rs 69642 crore in Q4 March 2015 over Q4 March 2014.
RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.
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