This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd’s $2.2 billion USD bonds issue of 2014.
Reliance Industries Ltd, the nation’s most valuable company, on Thursday said it has raised USD 4 billion (around ₹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.