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)
- Reliance Power’s $1bn Bangladesh Project To Achieve Financial Closure This Fiscal: Anil Ambani – September 26, 2017
- Siemens Technology Is Helping Achieve Smooth Grid Integration Of Renewables: Prashant Jain, Siemens Ltd – September 26, 2017
- Gas Utility GAIL Plans To Set Up Petrochemical Complex In Andhra Pradesh – September 26, 2017