Reliance Industries Limited (RIL) is in discussion with lenders to arrange $1.5 billion dollar-denominated loans, Bloomberg reports. The Indian conglomerate plans to borrow $1.1 billion in five-year loans to replace debt maturing in two years.
The Mumbai-based company controlled by billionaire, Mukesh Ambani, has not appointed the lead arrangers for the loan. RIL has around $14.2 billion of debt outstanding, maturing through 2097.
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