Reliance sells India's first fixed-for-life perpetual

The $800 million senior perpetual bond offers no step-up in coupon or rate reset.

<div style="text-align: left;"> Mukesh Ambani, chairman of Reliance Industries </div>

Denise Wee

January 30, 2013

Mukesh Ambani-controlled Reliance Industries last night priced an $800 million senior perpetual bond after attracting an order book of $3 billion.

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].