Reliance turns to ECA-backed financing

The Indian oil-to-retail conglomerate aims to diversify funding and extend tenors, shifting Reliance towards cheaper ECA-backed financing.

Reliance turns to ECA-backed financing

Billionaire Mukesh Ambani’s Reliance Industries is an active borrower in the bond and syndicated loan markets, but it is increasingly taking advantage of export credit agency ECA-backed financing as a way to diversify its funding sources.

Vineyesh Sawhney, senior vice president of finance at Reliance, told FinanceAsia that the company is dealing with an additional six ECAs in Asia, North America and a number of countries in Europe, having already closed deals...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...