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Published on 10/24/2003 in the Prospect News High Yield Daily.

Reliance Industries expected to price $750 million five-year bonds during Nov. 3 week

By Paul A. Harris

St. Louis, Oct. 24 - Reliance Industries is bringing an offering of $750 million of bonds due 2008, according to market sources.

The deal is expected to price during the week of Nov. 3.

Credit Suisse First Boston is the bookrunner.

Ratings on the diversified Indian company's existing bonds are Ba2 from Moody's Investors Service and BB from Standard & Poor's, according to a market source.


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