Reliance Industries returns with a vengeance

The Indian oil and gas group raises a $750 million 30-year bond, its second debt offering in two weeks, riding on improved market sentiment.

Reliance Industries returns with a vengeance
Mukesh Ambani

Reliance Industries sold a $750 million 30-year bond on Wednesday morning, just a fortnight after it priced India’s first bond of the year, extending its tenor whilst making use of improved market sentiment.

The Mumbai-based Indian oil and gas group run by Mukesh Ambani priced its latest Reg S144A bond at Treasuries plus 262.5 basis points, which is 22bp tighter than its initial price offering, according to a term sheet seen by FinanceAsia...

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