Reliance Industries Ltd. plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sell bonds to repay the debt, according to company executives with knowledge of the matter.
India’s largest company by market value will repay some of the debt coming due, mostly bonds and interest, the officials said, asking not to be identified discussing confidential matters. Reliance’s repayments from 2018 through 2020 will be its biggest for any previous three-year period and include about $8.14 billion of term loans, $3.52 billion of bonds and a $300 million revolver loan, according to data compiled by Bloomberg. It also has about $1.65 billion of interest payments, the data show.
Credits : – ET Energy World
Latest posts by ET Energy World (see all)
- Govt Readies Institutional Framework To Push Electric Mobility – November 20, 2017
- Coal Dispatches To Power Sector Rise 18 Per Cent In October – November 20, 2017
- NHPC Could Bid For Nepal’s $2.5 Billion Power Project Pulled From China – November 19, 2017