Reliance Industries launches $1bn loan for capex purposes

07 Jul 2010

India’s Reliance Industries launched a $1bn credit facility into syndication yesterday (Thursday). The deal will be one of the largest offshore loans from an Indian borrower so far this year, falling second only to Bharti’s $7.5bn loan financing its acquisition of Zain’s African businesses.

Fourteen mandated lead arrangers have signed up to the deal already: Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Capital, BNP Paribas, Citigroup, Crédit Agricole CIB, DBS Bank, DnB NOR Bank, Export Development Canada, HSBC, Intesa Sanpaolo, Mizuho, SMBC and Standard Chartered Bank — leaving bankers ...

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