Bloomberg News

Reliance Industries Said to Plan Increase of 2022 Dollar Bonds

February 26, 2012

Feb. 23 (Bloomberg) -- Reliance Industries Ltd. plans to sell as much as $500 million more of its February 2022 bonds, according to a person familiar with the matter.

The bonds are being offered to investors to yield about 340 basis points more than similar-maturity Treasuries, said the person, asking not to be identified because the details are private. The notes will be sold today, the person said.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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