HONG KONG (Reuters) - 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.
(Reporting by Scott Murdoch; Editing by Muralikumar Anantharaman)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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