<\/p>
Reliance Industries has executed the largest-ever Samurai loan raised by an Indian corporate, underscoring growing confidence among Japanese lenders in the conglomerate\u2019s financial strength, diversified business model and expanding clean energy ambitions.<\/p>
The Mukesh Ambani-led company raised JPY 91.9 billion, or nearly $625 million, through the Samurai loan transaction during FY26, making it not only the biggest such deal by an Indian corporate but also the third-largest Samurai loan ever raised by an Asian corporate. The transaction saw participation from 10 Japanese and Taiwanese banks.<\/p>
The deal comes at a time when Reliance is increasingly positioning itself as one of the most globally financed Indian companies, with access to multiple international funding markets even amid volatile global conditions.<\/p>
A Samurai loan is a Japanese Yen-denominated, cross-border syndicated loan issued by a non-Japanese borrower in the Japanese loan market. It allows foreign corporations and financial institutions to access Japanese capital, diversify their funding sources, and achieve lower borrowing costs compared to US dollar alternatives.<\/p>
S&P Global Ratings<\/strong><\/p> In December 2025, S&P Global Ratings upgraded Reliance Industries\u2019 international debt rating from BBB+ to A-, citing stronger earnings stability and rising contribution from less cyclical consumer-facing businesses such as telecom and retail.<\/p> The upgrade is significant because Reliance\u2019s rating now stands two notches above India\u2019s sovereign rating, improving the company\u2019s ability to access overseas capital pools at lower borrowing costs and tighter credit spreads. Moody\u2019s also maintains a Baa2 rating on Reliance, while domestic agencies including CRISIL, CARE, ICRA and India Ratings continue to assign AAA (Stable) ratings.<\/p> MUST READ:\u00a0RIL sees record profits in March quarter, here’s what Mukesh Ambani drew<\/strong><\/p> Analysts say Japanese investors are increasingly attracted to Reliance because of its scale, diversified earnings profile and aggressive expansion into future-focused sectors such as renewable energy and advanced manufacturing.<\/p> Apart from the Samurai loan, Reliance also secured around $600 million equivalent financing backed by Japan\u2019s export credit agency NEXI to support its solar photovoltaic and battery gigafactory projects. The company said this marked NEXI\u2019s first untied financing facility for any corporate globally and carried one of the longest average tenors for export credit agency-backed financing worldwide.<\/p> Reliance additionally raised approximately $500 million equivalent through KSURE-backed facilities from the Korean export credit agency, another first-of-its-kind global financing structure.<\/p> These financing milestones came during a difficult global borrowing environment. FY26 witnessed heightened market volatility driven by tariff uncertainties, geopolitical tensions, RBI policy actions and the rupee\u2019s sharp depreciation toward 95 against the US dollar.<\/p> MUST READ:\u00a0Reliance paid \u20b92.16 lakh crore to the government in FY26 \u2014 where did the money come from?\u00a0<\/strong><\/p> Long-tenor financing across currencies<\/strong><\/p> Despite these pressures, Reliance managed to raise long-tenor financing across currencies and funding products at competitive costs, reflecting strong lender confidence in the group\u2019s balance sheet and cash flow visibility.<\/p> The company\u2019s debt management metrics also improved significantly during the year. Reliance\u2019s Interest Coverage Ratio rose from 5.59 in FY25 to 8.83 in FY26, while its Debt Service Coverage Ratio more than doubled from 2.06 to 4.03. Return on Capital Employed improved sharply from 14.6% to 20.7%.<\/p> As of March 31, 2026, Reliance\u2019s gross debt stood at \u20b93,74,421 crore, while net debt was \u20b91,24,717 crore. The company maintained a debt-to-equity ratio of 0.41:1, indicating relatively stable leverage despite its large-scale expansion plans.<\/p> Shares of Reliance Industries were trading at Rs 1,352.00, down by\u00a00.32 %.<\/p> MUST READ:\u00a0SIP for 10 years – Which equity mutual fund categories created the best long-term SIP wealth?<\/strong><\/p> <\/div> Reliance Samurai loan, Reliance Industries FY26, Mukesh Ambani Reliance, Samurai bond India, Reliance A- rating, S&P Reliance upgrade, Reliance global financing, Japanese investors Reliance, Reliance green energy financing, Reliance debt metrics#Reliance #executes #India #Incs #biggest #Samurai #loan #Japanese #investors #betting #RIL1779960550<\/p> ","protected":false},"excerpt":{"rendered":" Reliance Industries has executed the largest-ever Samurai loan raised by an Indian corporate, underscoring growing confidence among Japanese lenders in the conglomerate\u2019s financial strength, diversified business model and expanding clean energy ambitions. The Mukesh Ambani-led company raised JPY 91.9 billion, or nearly $625 million, through the Samurai loan transaction during FY26, making it not only […]<\/p>\n","protected":false},"author":1,"featured_media":8880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[5811,2377,34237,8474,200,1433,34238,34234,3721,34229,831,34231,34236,34233,34235,34228,34227,3326,34232,1596,34230],"class_list":["post-8879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-betting","tag-biggest","tag-executes","tag-incs","tag-india","tag-investors","tag-japanese","tag-japanese-investors-reliance","tag-loan","tag-mukesh-ambani-reliance","tag-reliance","tag-reliance-a-rating","tag-reliance-debt-metrics","tag-reliance-global-financing","tag-reliance-green-energy-financing","tag-reliance-industries-fy26","tag-reliance-samurai-loan","tag-ril","tag-sp-reliance-upgrade","tag-samurai","tag-samurai-bond-india"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/8879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8879"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/8879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/8880"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8879"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}