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Reliance Jio signs $1 billion loan facility with K-SURE

June 26, 2018
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Reliance Jio Infocomm Limited (RJIL), on June 22, 2018, signed a $1 billion long-term loan facility with Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics and Ace Technologies Corporation.

According to RJIL, the facility has door to door tenor of 10.75 years and it will be 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 five years and the second K-SURE covered facility for RJIL in the last three 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.

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