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Reliance raises $4b in largest-ever foreign currency bonds issue

Reliance raises $4b in largest-ever foreign currency bonds issue

07 Jan 2022

Reliance Industries Ltd, the nation’s most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings.