The Infotel Broadband Services arm of Reliance Industries has given a “working mandate” to 13 banks for its debut offshore loan, worth $1 billion, according to Basis Point.
These banks include ANZ, Bank of America Merrill Lynch, Barclays Capital, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas , Citigroup, HSBC, ING, Intesa Sanpaolo, Mizuho Corporate Bank, Royal Bank of Scotland, Standard Chartered Bank and Sumitomo Mitsui Banking Corp, the report said.
Further, the report added that the financing size has increased from $500 million to $750 million.
