Reliance Industries (RIL) is looking to secure a $1 billion loan from the international market, Bloomberg reports. The Indian company will use the loan to refinance debt. Thirteen banks have joined a syndication of 18 more banks hired earlier to arrange the five-year term facility. Lead arrangers for the loan include DZ Bank and Westpac Banking, while Norinchukin Bank, Sumitomo Trust & Banking and United Overseas Bank are the co-arrangers.
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Click here for the story from Economic Times.