{"id":346754,"date":"2020-04-15T10:11:02","date_gmt":"2020-04-15T04:41:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346754"},"modified":"2020-04-15T10:50:05","modified_gmt":"2020-04-15T05:20:05","slug":"ril-to-raise-rs-9000-cr-via-ncd-issue-on-april-16-to-refinance-rupee-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-to-raise-rs-9000-cr-via-ncd-issue-on-april-16-to-refinance-rupee-debt\/","title":{"rendered":"RIL to raise Rs 9,000 cr via NCD issue on April 16 to refinance rupee debt"},"content":{"rendered":"<p>To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries (RIL) plans to raise Rs 9,000 crore through sale of non-converticle debentures (NCDs) for refinancing its existing high-cost rupee debt. <\/p>\n<p>The most cash-rich company, RIL is also one of the most indebted corporate entities in India, with a debt pile of over Rs 1.54 trillion as of March 2020. <\/p>\n<p>According to an exchange filing, RIL is launching a Rs 9,000-crore NCD issue on April 16 and the proceeds from the debt sale will be used to repay existing rupee debt. <\/p>\n<p>The issue has two components \u2014 a Rs 4,500-crore fixed-rate tranche and an equal tranche with floating rate. Both the issues are offering a coupon of 7.20 per cent-4.40 per cent of repo with a spread of 2.80 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries (RIL) plans to raise Rs 9,000 crore through sale of non-converticle debentures (NCDs) for refinancing its existing high-cost rupee debt. The most cash-rich company, RIL is also one of the most indebted corporate entities in India, with a debt pile of over Rs 1.54 trillion as of March 2020. According to an exchange filing, RIL is launching a Rs 9,000-crore NCD issue on April 16 and the proceeds from the debt sale will be used to repay existing rupee debt. The [&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-346754","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\/346754","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=346754"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346754\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}