Mukesh Ambani’s Reliance secures $3 billion loan from 11 banks
Last month, a deal was finalized for a 5-year loan that could have significant ramifications for the borrowing company. The loan is structured to be repaid with interest calculated at a margin of 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), which is a benchmark interest rate for dollar-denominated transactions. Understanding the ...
