Reliance–BP deal wins Euromoney Deals of the year 2011 award

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Feb 212012
 

The eventual realization of the deal between Mukesh Ambani-owned Reliance Industries Limited (RIL) and Robert Dudley-led London based energy giant BP Plc. was recently acknowledged by the UK based business and finance publication Euromoney as one of the winners of Euromoney Deals of the year 2011 award. The $9 billion deal, which caught global attention for its sheer scale and scope, was one of the most talked about and scrutinized deals of 2011. It saw the coming together two of the most powerful energy-based companies […]

Reliance’s $1-billion deal spurs dollar bond sales

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Feb 162012
 

Bond sales in dollars by Indian companies are outstripping loans for the first time in five years as banks worldwide lend less in response to Europe’s debt crisis and rising capital requirements. Borrowers have raised almost $1.7 billion in 2012, led by billionaire Mukesh Ambani’s Reliance Industries, which sold $1-billion worth of 10-year notes last week. Companies’ syndicated loans denominated in the US currency totaled $505 million, the least since 2004, according to data compiled by Bloomberg. The last time bonds beat loans at this […]