Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India, has raised USD 300 million through dollar-denominated bond issue at a coupon rate of 6.5%, said bond arrangers. The company’s debut offshore bond issue has a tenure of five-and-a-half years, they added.

The notes are expected to be settled by May 6, 2015. The notes will be listed on the Singapore Stock Exchange.

Shares of the company gained Rs 0.4, or 0.65%, to trade at Rs 61.65 (9.08 a.m., Tuesday).