RCL has raised $1 billion from international lenders in one of the largest debt financings provided to an Indian telecommunications company.

RCL has raised $1 billion from international lenders in one of the largest debt financings provided to an Indian telecommunications company. The five-year unsecured loan was facilitated by ABN Amro, Standard Chartered and CitiBank. Reliance will use the money to expand its network operations and for general corporate purposes. The company had earlier announced that it would raise up to $1 billion by issuing securities in overseas markets.