Reliance mandates India's largest corporate bond

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.