Reliance Industries Raises $4 Billion In India's Biggest Forex Bond Deal

Thursday, 6 January 2022newsdesk

Mukesh Ambani-led Reliance Industries Ltd on Thursday said it has raised $4 billion debt in the country's largest ever foreign currency bond deal.

New Delhi, 06 January 2022

As per news report of NDTV, the oil-to-telecom conglomerate raised the money in foreign currency denominated bonds and plans to use the proceeds to retire existing borrowings. Reliance raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal. The deal marked the largest ever foreign currency bond transaction in India, RIL said, eclipsing the previous record set by ONGC Videsh in 2014 when it raised $2.2 billion in U.S. dollar bonds.

Source - NDTV