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RIL raises $800 mn in perpetual bonds; makes history on pricing

Reliance Industries, with a cash balance of nearly Rs 84,000 crore, Tuesday raised USD 800 million via a perpetual bond sale at 5.875 percent coupon, which the Mukesh Ambani-led firm claimed is a first in the world as it has pierced the 6-percentage point pricing- barrier on this type of debt.