The conglomerate’s 3.667% bonds due 2027 rose 0.4 US cents on the dollar to 100.28 in Hong Kong, the highest level since March 13, according to prices compiled by Bloomberg. The group’s 4.125% notes due 2025 jumped to the highest level since March 17 to 102.85 US cents.
MUMBAI: Reliance Industries Ltd bonds gained to an almost two-month high after it said the group’s net debt would be slashed to zero ahead of a previously drawn schedule and talks to sell a stake in its energy unit to Aramco are on course.
The conglomerate’s 3.667% bonds due 2027 rose 0.4 US cents on the dollar to 100.28 in Hong Kong, the highest level since March 13, according to prices compiled by Bloomberg. The group’s 4.125% notes due 2025 jumped to the highest level since March 17 to 102.85 US cents.
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