RIL to raise $1 billion via bonds

NEW DELHI: RIL plans to raise at least $1 billion through bonds denominated in US dollars, bankers said on Monday.

The proceeds will be used to refinance $765 million of loans the company has taken for its acquisition of shale gas ventures in the US.

Reliance Holding USA, has mandated BofA, Merrill Lynch, Citi, HSBC and RBS as joint book-runners and lead managers for 10-year and 30-year dollar bond offering.