Reliance rides sovereign rating upgrade
Two days after India's sovereign upgrade by Moody's, Reliance becomes the first lender to take advantage.
November 21, 2017
Reliance Industries, the flagship company of Mukesh Ambani’s Reliance Group, reopened its $1 billion 2022 bonds early on Friday morning with an opportunistic $500 million tap that priced inside of secondary levels — a rare outcome for a tap.
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