Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Reliance Industries Said to Market 10-Year Dollar Bonds

Feb. 9 (Bloomberg) -- Reliance Industries Ltd., owner of the world’s largest refining complex, is marketing a 10-year bond denominated in U.S. dollars, according to a person familiar with the matter.

The Reg S senior, unsecured notes are being offered to investors to yield about 365 basis points more than similar-maturity Treasuries, the person said, asking not to be identified because the details are private.

A Mumbai-based spokesman for Reliance, who asked not to be named citing company policy, declined to comment on the securities when contacted by phone today.

Barclays Plc, Bank of America Corp., Citigroup Inc., HSBC Holdings Plc and UBS AG are managing the benchmark-sized sale of notes, which could price as early as today, the person said. Benchmark typically means at least $500 million.

Reliance last sold dollar bonds in October 2010, according to data compiled by Bloomberg. The yield on those 4.5 percent notes due 2020 rose 16 basis points to 5.23 percent as of 1:50 p.m. in Hong Kong, Royal Bank of Scotland Group Plc prices show.

To contact the reporters on this story: Katrina Nicholas in Singapore at knicholas2@bloomberg.net; Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.