Reliance Industries collected $ 4 billion in the largest issuance of foreign currency bonds from India. Bond issues subscribe more than three times.

Srikanth Venkatatchari, CFO with RIL, said in a statement that the problem of Mega is the largest debt capital market transaction for the company, and has “the most stringent credit spread in each old tenor for every company in India.”

“Support received from the Marquee International Capital Market Investors reflects the underlying business strength with an established growth platform in all our energy, consumers and technology and resilience. This problem continues the tradition of dependence into an advanced and innovative issuer across the capital structure,” he added.

The issuance of the US dollar Jumbo Cote conglomerate was conducted in three stages – $ 1.5 billion for 10 years of 2.875%, $ 1.75 billion for 30 years of 3.625% and $ 750 million for a period of 40-year and 3,750% coupon level . The results will mainly be used to refinance existing loans.

Notes have been competitively appreciated at 120 basis points, 160 basis points and 170 basis points over the benchmarks of US Treasury respectively. This problem has the lowest coupon achieved for a 30-year benchmark and publishing 40 years and is the first 40 tranche by the private sector company ‘BBB’ from Asia, excluding Japan.

RIL said that records received orders from more than 200 accounts in Asia, Europe and the United States. “This note is distributed to a high-quality fixed income account: 69% for fund managers, 24% for insurance companies, 5% to banks and 2% for public institutions,” said the company.

Moody’s rating agency has assessed the ‘baa2’ bond while the S & P global ranking gives it ‘BBB +’; Both have ‘stable’ views on bonds. Flowers on notes will be paid for a half-year in arrears, and records must be ranked equivalent to all the obligations of the RIL that is not safe and unsafe.

Securities Bofa, Citigroup and HSBC are a common global coordinator for this problem. Securities Bofa, Citigroup, HSBC, Barclays, JP Morgan and MUFG acts as a shared active bookrunners. ANZ, BNP Paribas, CRÉDIT AGRICOLE CIB, DBS Bank Ltd., Mizuho Securities, SMBC Nikko, Standard Chartered Bank and SBI London Branch is a passive combined bookrunners.