{"id":264658,"date":"2019-03-16T05:37:50","date_gmt":"2019-03-16T05:37:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264658"},"modified":"2019-03-16T05:37:50","modified_gmt":"2019-03-16T05:37:50","slug":"reliance-industries-to-raise-170-million-for-capex-from-investors-overseas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-to-raise-170-million-for-capex-from-investors-overseas\/","title":{"rendered":"Reliance Industries to raise $170 million for capex from investors overseas"},"content":{"rendered":"<p>India\u2019s oil-to-telecoms giant, Reliance Industries, is set to sell a Schuldschein (pronounced schult-shine) debt instrument worth $170 million in the German-centred debt market, making it the first Indian company to tap this route for fundraising.<\/p>\n<p>The proceeds of the 10-year tenure issue will be used for capital expenditure by the Mukesh Ambani-led corporate giant.<\/p>\n<p>Bankers said Schuldschein is an alternative way to raise funds instead of loans or bonds and deals can run from $12 million to more than $1.13 billion. These instruments include tranches of different maturities and currencies and investors are spread across the world. Steel major ArcelorMittal, Abu Dhabi-based Etihad Airways and German auto major Volkswagon are among the other top companies which have raised funds via this route.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s oil-to-telecoms giant, Reliance Industries, is set to sell a Schuldschein (pronounced schult-shine) debt instrument worth $170 million in the German-centred debt market, making it the first Indian company to tap this route for fundraising. The proceeds of the 10-year tenure issue will be used for capital expenditure by the Mukesh Ambani-led corporate giant. Bankers said Schuldschein is an alternative way to raise funds instead of loans or bonds and deals can run from $12 million to more than $1.13 billion. These instruments include tranches of different maturities and currencies and investors are spread across the world. Steel major ArcelorMittal, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-264658","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264658"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264658\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}