RIL Intends to Sell Up to $3 Billion in Bonds in a Single Transaction

According to persons familiar with the situation, Reliance Industries wants to raise up to $3 billion through international bond offerings, which would be the largest single offshore raising by an Indian borrower.

In the following two weeks, the bond sale is likely to begin. The funds would be used to refinance existing loans and bonds that had previously been raised from overseas investors.

While international bonds issued eight to ten years ago are due to mature this year, a slew of loans are due to mature in the next three to four months.

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