Rediff Logo
Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
Line
Home > Money > Reuters > Report
July 2, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Reliance Industries opens Rs 500-million bonds

Indian petrochemicals giant Reliance Industries Ltd launched a domestic private placement of secured non-convertible debentures on Monday to raise at least Rs 500 million, debt dealers said.

The company has the option to retain oversubscription, but there were no details on how much could be held back.

The coupon on the five-year bonds, which will be payable annually, will be fixed through book-building, dealers said.

The book-building yield band is 9.50-9.65 percent, they said.

The bonds are rated AAA by Credit Rating Information Services of India Ltd, indicating highest safety for timely payment of principal and interest.

ABN AMRO Securities (India) Pvt Ltd is the sole arranger to the issue.

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report