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Adviser MONEY MAKING MC
08 July 2016
Reliance Jio Infocomm Limited (RJIL) on Thursday said its Rs2,000
crore Non-Convertible Debentures (NCDs) issue was oversubscribed with a total
book size in excess of Rs3,500 crore.
The
subsidiary of Reliance Industries Limited (RIL) on Thursday issued NCDs of five
year tenure amounting Rs2,000 crore with a coupon of 8.32% per annum. The Total Investment &
Insurance Solutions
"The
transaction was fully subscribed within minutes of opening and was eventually
over-subscribed with a total book size in excess of Rs3500 crore. The Total Investment &
Insurance Solutions
"The proceeds of the issuance will be
utilised for rolling out digital services business in India," it said.
"We
are overwhelmed by the response that we have received for our maiden issuance
on the BSE-Bond platform. It reinforces the faith investors have in our next
generation digital services business. The launch of the EBP platform is a
significant step towards the development of market infrastructure for Indian
corporate bond market," said RIL's Treasurer Soumyo Dutta. The Total Investment &
Insurance Solutions
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