"Bond risk for Reliance is falling. MUMBAI: Bond investors are signaling billionaire Mukesh Ambani 's promises are bearing fruit. "It's a solid game and for the bond investor, there is no risk at all. That compares with 9.14% on similar-maturity debt of Philippines' Petron Corp, the only other Asian refiner with perpetual notes. "The yield on the firm's perpetual dollar bonds issued in 2013 has declined for three straight months, falling 48 basis points since end-February to 5.76% on Friday.

Source: Economic Times June 13, 2016 23:15 UTC