RIL raises $800 million through 10-year bonds at lowest rate
Reliance Industries (RIL) has raised $800 million by selling 10-year bonds, which were priced at 3.66%, the lowest coupon for a 10-year bond issued by an Indian entity. The issue by the company was assigned 'BBB+' rating by S&P Global and 'Baa2' by Moody's. The company will use the proceeds to refinance existing debt.