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Shearman & Sterling advises on Reliance’s USD 200m Formosa Bond Issuance.

11 June, 2015

 

Shearman & Sterling represented Deutsche Bank AG, Taipei Branch and HSBC Bank (Taiwan) Limited as the underwriters in connection with the Regulation S offering of USD 200m 5% Senior Notes due 2035 in Taiwan, commonly known as Formosa Bonds, by Reliance Industries Limited (“RIL”).  RIL will use the funds for its ongoing capital expenditure. Formosa Bonds are bonds issued in Taiwan but denominated in a currency other than the New Taiwan Dollar. 

 

This is the first ever Formosa Bond issuance out of India and the first ever Formosa Bond issuance by an energy company globally.

 

The Shearman & Sterling team included partner Kyungwon (Won) Lee

 

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