Reliance nears $1bn loan mandate after proposals
Reliance Industries looks set to mandate banks for a $1bn loan soon, swelling the supply of international loans from India after a fall of almost 35% in dollar loans for Indian companies since the start of the year.
Reliance has already received proposals for potential bookrunners, but has not yet confirmed the mandate for the deal, said bankers familiar with the process.
Indian borrowers have closed around $8.14bn of loans in the dollar market so far this year, a 34.25% fall in borrowing compared to the
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