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Reliance Industries Ltd has raised $4 billion in a three-tranche US dollar bond issuance, according to a term sheet seen by Reuters.
The conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal.'
Part of the cash will be used to refinance $1.5 billion worth of debt due to mature in February, the term sheet said.
Reliance did not immediately respond to a request for comment from Reuters.
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