MoneyWorks4Me

RIL’s Jio inks JPY 53.5 billion Samurai Term Loan

16 Apr 2018 Evaluate

Reliance Industries’ (RIL) telecom arm - Reliance Jio Infocomm (Jio) has signed a JPY 53.5 billion Samurai Term Loan with 7 year bullet maturity. The Facility is guaranteed by RIL and will be used for funding Jio’s ongoing capital expenditure.

This deal represents the largest Samurai loan for an Asian corporate. The Facility has been fully underwritten by Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation Singapore Branch and will be shortly launched into syndication.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.


Peers
Company Name CMP
Reliance Industries 1188.75
Indian Oil Corpn. 128.70
Bharat PetroleumCorp 290.10
HPCL 334.35
MRPL 174.75
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