Reliance sells India's first fixed-for-life perpetual

The $800 million senior perpetual bond offers no step-up in coupon or rate reset.
<div style="text-align: left;"> Mukesh Ambani, chairman of Reliance Industries </div>
<div style="text-align: left;"> Mukesh Ambani, chairman of Reliance Industries </div>
January 30, 2013

Mukesh Ambani-controlled Reliance Industries last night priced an $800 million senior perpetual bond after attracting an order book of $3 billion.

¬ Haymarket Media Limited. All rights reserved.

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