Reliance Industries said to eye $1 billion debt fundraise

Indian billionaire Mukesh Ambani's Reliance Industries Ltd. is set to launch the second tranche of its planned mega fundraising via sale of rupee-denominated bonds just a couple of weeks after it raised shorter-tenor debt, four merchant bankers told Reuters on Thursday.The oil-to-telecom conglomerate plans to raise around ₹10,000 crore (~$1.04 billion) through a sale of 10-year notes at an annual coupon of 7.90%. Reliance is set to invite bids from investors next week or the week after."Ideally, the company would…