India’s largest corporate, Reliance Industries, has raised $1.4 billion to prepay its existing foreign loans. Fourteen international banks have signed up for the transaction last week. The proceeds will be used by RIL to repay the loans of its subsidiary, Reliance Holding USA. With this, RIL is ending the year with highest debt funding raised from international banks among the Indian companies.
RIL raises $1.4 bn in overseas debt to prepay Reliance Holding’s loans
Date posted: Tuesday 8 December 2020