Reliance nets $1bn from loan market

By Pan Yue
06 Oct 2020

Indian conglomerate Reliance Industries has made a quick return to the loan market, raising a $1bn facility to refinance a bond maturing later this month.

Nine banks have formed the mandated lead arranger and bookrunner group. They are Bank of America, Citi, DBS, HSBC, Mizuho, MUFG Bank, State Bank of India, Sumitomo Mitsui Banking Corp and United Overseas Bank.

A banker close to the situation said the company has not decided on the ...

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