Reliance oils bond markets

India's largest private sector company shows the new issue premium is alive and kicking with a $1 billion bond.

Reliance oils bond markets

India's highest rated private sector borrower returned to the international bond markets on Wednesday with a $1 billion unsecured 144a bond that attracted a global order book of $4.5 billion and 272 accounts. 

Reliance Industries priced a 10-year Baa2BBB rated deal during New York trading hours at 99.998% on a coupon of 4.125% to yield 4.249% or 240bp over 10-year Treasuries. 

This marked the...

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