Reliance extends deadline for $1.5bn loan

Reliance Industries has delayed the commitment deadline of a $1.5bn dual-tranche loan, giving more banks time to consider what is by far the biggest deal on offer among a recent spree of loans from Indian borrowers.

  • 16 Aug 2012

The company started discussions with smaller lenders after attracting 16 banks as bookrunners and mandated lead arrangers at the start of July. It had hoped to close the deal by last week, said bankers, but has now delayed the deadline to attract more
lenders.

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