Indian energy to petrochemicals company Reliance Industries plans to raise $170 million in a financing round.
Reliance Industries is set to raise the funds via the sale of a Schuldschein credit instrument in the German-centred credit market, making it the first Indian company to tap this route for fundraising.
The company is offering four tenors on its facility, with pricing ranging from 95 basis points to 160 basis points. The order books will close on April 29.
Reliance Industries will use the proceeds of the 10-year tenure issue for capital expenditure.