RIL may price $1 bln bond Thursday: sources
|
Reliance Industries may price as early as Thursday a $1 billion 10-year bond that will be used to fund capital expenditure in its U.S. shale gas business, two sources with direct knowledge of the deal said.
Chai cafes woo coffee fans in urban India
The company has indicated pricing of 365 basis points over U.S. treasuries for the bonds, which will be issued by Reliance Holding USA, they said.
Proceeds will also be used to refinance short-term debt incurred in the shale gas business, the sources said.
Images: Upgraded Mahindra Xylo out for Rs 7.37 lakh
The deal is being led by Barclays Capital, Bank of America Merrill Lynch, Citigroup, HSBC and UBS, they said.
Standard & Poor's has assigned a BBB long-term rating to the senior unsecured notes, which will be guaranteed by Reliance Industries.
- Petrol carmakers announce up to Rs 50000 in discounts Read 360 Times
- A Chennai restaurant's unique Saturday night dinner Read 253 Times
- Nude maid service raising eyebrows in Texas city Read 247 Times
- Congress slams Trinamool over petrol price hike protest Read 139 Times
- Air India flies out stranded British Airways passengers Read 110 Times
