Reliance Industries raises $4 billion in US dollar bonds

1 min read . Updated: 06 Jan 2022, 10:05 AM IST Reuters

Part of the cash will be used to refinance $1.5 billion worth of debt due to mature in February, the term sheet said

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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.

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Reliance did not immediately respond to a request for comment from Reuters.

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