Reliance looks for $1.5bn of new money

September 10, 2008 12:00 am

Indian telecom company Reliance Communication is aiming to raise $1.5bn in what would be the third largest syndicated loan for an Indian borrower this year. The loan will be split between the parent company and Reliance Telecom Infrastructure, which holds all its existing wireless towers. Read EuroWeek on Friday to find out bankers’ reactions to this unusual structure, plus more news on what to expect from the syndicated loan market in the final quarter of 2008.

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