RIL announces pricing of US$ 750 mn 4.875% Senior Unsecured Notes

The Notes have been assigned a rating of BBB+ (S&P) and Baa2 (Moody’s).

Transaction Highlights

• RIL continues to be the only Reg S / 144A 30 year private corporate issuer out of Asia since 2003

• Lowest coupon ever achieved by an Asian private corporate issuer for a 30 year issuance

• First ever single tranche 30 year deal by a private corporate issuer out of Asia

• Opened the 30 year market for corporate issuances out of Asia in 2015

• Continues to be the only company out of India to have issued 30 year bonds

The Notes have been priced at 262.5 basis points over the 30-year US Treasury Note, at a price of 98.865 to yield 4.948%. The Notes will be denominated in US dollars, and will bear fixed interest of 4.875% p.a., with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the Company. The funds will be utilized for its ongoing capital expenditure.

The Notes were over 3.07 times over-subscribed across 167 accounts.

In terms of geographic distribution, the Notes were distributed 47% in Asia, 8% in Europe and 45% in the United States. In terms of investor distribution, the Notes were distributed to high quality fixed income accounts: 52% to fund managers, 31% to insurance companies, 8% to pension funds, 6% to central banks and sovereign wealth funds, 2% to banks and 1% to private banks.

Mr. V. Srikanth, Joint Chief Financial Officer of RIL, commented, “We are delighted to continue to lead the way for Asian corporates to access long-term financing at attractive rates. Like our previous issuances, we were able to efficiently execute through an intraday window, despite volatility in asset markets.”

Bank of America Merrill Lynch, Barclays Bank PLC, Citigroup Global Markets Inc. and The Hongkong and Shanghai Banking Corporation Limited acted as Joint Book runners and Lead Managers.