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Reliance Capital issues 1B rupees of debentures

RelianceCapital Ltd. issued 1 billion Indian rupees of nonconvertibledebentures with an option to retain oversubscription of up to 1 billion rupees.

The company said Oct. 10 that the debentures were pricedwith a coupon of 8.05% per year and will mature Oct. 10, 2018.

The debentures will be listed on the wholesale debt marketsegment of the BSE.

As of Oct. 10, US$1was equivalent to 66.48 Indian rupees.