Reliance settles Schuldschein, the market dreams of more
Reliance Industries settled its debut Schuldschein for €405m on Thursday, in a transaction which was widely considered a success — and promising for any arrangers looking to transport the instrument out of Europe.
“I think we can’t underestimate the significance of this trade,” said one Schuldschein arranger, from a rival bank. “Finally, we have an example of a non-Western company coming with a broadly marketed trade.”Reliance Industries, the conglomerate headquartered in Mumbai and founded by Dhirubhai Ambani, launched the €150m ...
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