by Amruth Sundarkumar | Jan 3, 2022 | Corporates, India
India’s Reliance Industries Ltd (RIL) plans to raise up to $5bn in in dollar bonds. The Economic Times said that proceeds will be used refinance earlier debt raised from international investors along with a bundle of loan maturities due in the next 3-4 months....
by Amruth Sundarkumar | Dec 13, 2021 | High Yield Bonds, India
Vedanta Ltd., the Indian subsidiary of Vedanta Resources Ltd. (VRL) announced that it will give a dividend of INR 50bn ($662mn). This will be its second interim dividend payout this year after its prior INR 69bn ($910mn) dividend announcement in September. It comes...
by Amruth Sundarkumar | Dec 8, 2021 | Corporates, India
Reliance Industries Ltd and the Abu Dhabi National Oil Co. (ADNOC) have agreed to build a $2bn petrochemical plant in the UAE. In a statement released, it was mentioned that the collaboration will see the establishment of a joint venture at Ta’ziz, the chemicals and...
by Amruth Sundarkumar | Dec 2, 2021 | High Yield Bonds, India
Indian clean energy producer Greenko Energy is said to be planning an offshore bond issuance of as much as $1bn, ET reports. The Hyderabad-based company plans to use proceeds from the new bond to retire a high cost bank loan, expand capacity and/or other business...
by Amruth Sundarkumar | Nov 29, 2021 | Corporates, India
The promoter holding companies of Vedanta Ltd. have raised $800mn by pledging shares in the company. Details were revealed in a statement released by the company: Twin Star Holdings entered into an agreement with Standard Chartered Bank, London to raise $400mn Vedanta...
by Amruth Sundarkumar | Nov 23, 2021 | Corporates, India
India’s Reliance Industries Ltd (RIL) shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $15bn. This comes over two years after both companies signed a non-binding letter of intent in August 2019....
