Reliance signs tightly priced $500m SACE-backed loan

In:

Chemicals/Petrochemicals, Infrastructure, Oil & gas

Region:

Asia-Pacific, Europe

By Max Thompson

Reliance Industries signed a $500 million untied SACE-backed loan on 7 August. Proceeds will be used for general corporate purposes. However, under the agreement Reliance will have direct access to further Italian export contracts supported by the ECA. The 10-year (six- month...

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