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Reliance Industries grosses $990.0 million from debt offering

Reliance Industries Ltd. raised gross proceeds of $990.0 million from an offering of 4.125% senior unsecured notes due 2025.

The company plans to use the proceeds for general corporate purposes or working capital.

Australia and New Zealand Banking Group Ltd., Barclays Bank PLC, BNP Paribas SA, Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank SA, Deutsche Bank AG's Singapore branch, J.P. Morgan Securities PLC, Merrill Lynch International, Morgan Stanley & Co. International PLC, Standard Chartered PLC, Hongkong and Shanghai Banking Corp. Ltd. and Royal Bank Of Scotland PLC were the lead underwriters.