 "RIL Chairman Mukesh Ambani with his son, Akash. Pic: Kamlesh Pednekar")
Reliance Industries (RIL) 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 comprise $8.14 billion of term loans, $3.52 billion of bonds and a $300 million revolving loan,
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 comprise $8.14 billion of term loans, $3.52 billion of bonds and a $300 million revolving loan,
