One of the richest men in the world Mukesh Ambani is set to take a USD 3 billion loan for his company - Reliance Industries Ltd - from as many as 11 major global banks. The massive loan will be raised in two international currencies—dollars and yen. Reliance finalised the five-year loan deal in December 2024 with an interest rate 120 basis points above the three-month secured financing overnight rate. As per the major loan deal USD 450 million will be in Japanese yen. According to a report by the Economic Times this is RIL’s largest loan deal in the past two years. Notably Reliance is the largest corporation in India by revenue has sealed the deal with a consortium of 11 banks. Loan Repayment In 2025 Reliance is preparing for the repayment of its loan this year. The company has already utilised USD700 million and plans to raise more funds in the upcoming quarter as needed. As per Economic Times the Secured Overnight Financing Rate (SOFR) for the loan was around 4.8 percent by mid-December. With an additional 120 points added the loan in dollars will have an interest rate of 6 percent. The loan in Yen will be set at a rate 75 basis points above the Japanese benchmark the three-month Tokyo Interbank Offer Rate. Financial Flexibility The Mukesh Ambani-led company has taken a massive loan in order to improve its financial flexibility. Reliance one of the most creditworthy companies in India needed the loan to meet its financial needs and increase its risk capacity. Notably additional banks may join the consortium to further support the massive loan.