Reliance mandates India's largest corporate bond

The petrochemicals giant looks set to capitalize on ICICI Bank''s recent success in the international bond markets.

Reliance Industries, India's largest private sector company is believed to have mandated Credit Suisse First Boston for a bond issue that will raise up to $750 million. Sector specialists believe the deal is likely to come to market within the next 10 days and will have a five-year maturity and a tax friendly structure based out of Mauritius. Standard Chartered is also said to have a junior syndicate role.

For CSFB the mandate marks a huge coup given that it only resumed business on the subcontinent a month ago after a two-and-a-half year hiatus resulting from the Ketan Parekh scandal. The US house was the most high profile of those accused of bear...

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