Reliance Industries $750 million Rule 144A/Reg S senior notes issue

Overview:

• Reliance Industries has made a Rule144A/Reg S offering of $750 million in senior unsecured notes due in 2045.
• The deal follows the issue in January 2015 of $1 billion in 4.125% ten year bonds.
• 47% of the notes were issued in Asia with 45% issued in the US and 8% in Europe.
• Bank of America Merrill Lynch, Barclays, Citigroup Global Markets and HSBC acted as joint bookrunners and lead managers.
• Davis Polk & Wardwell acted for the issuers with AZB & Partners acting as Indian counsel.
• Shearman & Sterling acted for the bookrunners and managers with J Sagar Associates acting as Indian counsel.