RIL raises $4 Billion in US Dollar bonds, the largest by an Indian corporate
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Mukesh Ambani-led Reliance Industries Limited (RIL) said on Thursday it has raised $4 billion in US dollar bonds which is the largest such issue by an Indian corporate. The bond issue was nearly three times oversubscribed. "The bond proceeds will be primarily used for refinancing of existing borrowings," RIL said in a statement.