RIL RAISES ₹10,060 CR IN 3 TRANCHES

MUMBAI: Reliance Industries Ltd (RIL) on Tuesday returned to the debt market, raising a total of ₹10,060 crore through bonds of different tenors. RIL with a long term debt rating of AAA, raised ₹4,235 crore for a 3 year 4 month period at a fixed coupon rate of 7.05%. The company raised ₹825 crore for a 3-year period at a fixed coupon rate of 6.95% and the remaining ₹5,000 crore for a 2 year 10 month period at a coupon rate of 6.95%. In the first round of fund raising, RIL had raised ₹8500 crore in two parts at a coupon rate of 7.2%. The fixed rate issue saw it raise ₹4,000 crore for three years at fixed coupon rate of 7.2%.