Overview

• Reliance Industries finalized a $2.9 billion dual-currency syndicated loan on May 9, 2025, marking the largest such deal by an Indian company in over a year.
• The loan includes a $2.4 billion US dollar tranche and a 67.7 billion yen tranche, showcasing Reliance's diversified global funding strategy.
• Participation by 55 international banks makes it the largest group of lenders for a syndicated loan in Asia this year, signaling strong lender confidence.
• Reliance’s credit ratings, Baa2 from Moody’s and BBB from Fitch, exceed India’s sovereign rating, attracting robust institutional interest.
• The financing will support Reliance’s growth plans across telecom, retail, and green energy sectors, reinforcing its position as a leading player in Asia-Pacific markets.