Reliance bond

Savvy Reliance prints $500 million tap inside secondary levels

The flagship Indian company taps unfulfilled demand from US funds seeking a meaningful exposure to its credit.
Mukesh Ambani
Mukesh Ambani

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.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media