Spot-Fixing Scandal
BCCI chief's son-in-law arrested
Mumbai Police apprehended Gurunath Meiyappan, a key official of the Indian Premier League's (IPL) Chennai franchise, late on Friday in connection with a spot-fixing scandal that has also led to the arrest of three cricketers. Full Article
REUTERS SHOWCASE
Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
IFR-Reliance Industries USD800m perp at 5.875%
SINGAPORE, Jan 29 (IFR) - Indian conglomerate Reliance Industries has launched its US dollar denominated senior perp non-call 5 Reg S/144 a bond at 5.875% with a USD800m size.
The final yield is right in line with final guidance released yesterday of 5.875% area and tight to initial price talk of 6% area.
Bank of America Merrill Lynch, Citigroup, HSBC, Barclays, Deutsche Bank, JP Morgan and The Royal Bank of Scotland are leads on the deal. The issue would be under New York law and listing will be in the Singapore stock exchange.
The notes are expected to be rated Baa2 by Moody's and BBB by S&P. Proceeds are meant for ongoing capital expenditure in the infrastructure sector in compliance with RBI and Indian regulations. Coupons are not deferrable.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters