November 18th, 2014 3:55 PM 6 COMMENTS

Reliance Jio: 26 banks rush to sign syndicate loan pacts to the amount of $1.5 Billion

Reliance Jio Infocomm has planned to raise $1.5 billion from 26 banks to refinance loans it took in 2010. According to the company, the refinancing comprises $1 billion with a total maturity of 5.5 years, and $500 million, with a total maturity of 7 years. During September, Reliance Jio had said it had raised a $750 million loan from Korea Exim Bank to finance the purchase of telecoms infrastructure from... Read More

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