Reliance Industries Raises $4 Billion In Three-Tranche U.S Dollar Bonds: Report

Part of the cash will be used to refinance $1.5 billion worth of debt.HONG KONG: Reliance Industries Ltd has raised $4 billion in a three-tranche U.S. dollar bond issuance, according to a term sheet seen by Reuters.The Indian conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal.Part of the cash will be used to refinance $1.5 billion worth of debt due to mature in February, the term sheet said.Reliance did not immediately respond to a request for comment from Reuters.(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)



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