Processing .....please wait.. 
The article has been forwarded.... 
Reliance Energy plans $250 mn overseas loan
By siliconindia staff writer
|
Friday, 16 April 2004, 19:30 IST
MUMBAI: Power utility Reliance Energy Ltd plans to raise $250 million through a syndicated five-year loan from overseas markets, sources said on Friday.
The syndication is likely to be launched shortly, they said.
Details on the pricing were not available.
Last month, refiner Reliance Industries Ltd, also owned by the Reliance group, raised $250 million through a 60-month overseas loan at 90 basis points over Libor.
Several Indian companies and banks have raised foreign currency loans in recent months, drawn by low interest rates overseas. Reliance is India's largest business group.