Jio has signed a US$ 1 billion equivalent K-SURE covered facility

Mumbai : Reliance Jio Infocomm Limited  has signed a US$ 1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation (“K-SURE”) on 22nd June 2018 (the “Facility”). The Facility will be used to finance goods and services procured primarily from Samsung Electronics and Ace Technologies Corp.  The Facility has door to door tenor of 10.75 years.

  • The Facility is K-SURE’s largest deal in India as well as the largest deal supported by K-SURE in the telecom sector globally.
  • This transaction marks the fourth K-SURE covered facility for Reliance group in last 5 years and the second K-SURE covered facility for RJIL in the last 3 years.

The Facility was arranged by Australia and New Zealand Banking Group Limited and The Hongkong and Shanghai Banking Corporation Limited. In addition, it saw participation from the following banks – BNP Paribas; Commerzbank AG; Citibank N.A.; ING Bank; JPMorgan Chase Bank, N.A.; Mizuho Bank, Ltd.; MUFG Bank, Ltd. and Banco Santander, S.A.

About Technology For You

Technology For You (Formerly Computers For You) is a Leading Technology & Career Magazine Publishing from Hyderabad since 1999. In addition to this Web version, We have been bringing out Technology For You magazine for over 19 years (Since 1999) continuously and this is the Largest Circulated magazine in both the Andhra Pradesh and Telangana States and in addition to these States, this is being circulated in other cities like Bangalore, Chennai, New Delhi, Mumbai & Pune...etc.
View all posts by Technology For You →

Leave a Reply

Your email address will not be published. Required fields are marked *