Reliance Industries Ltd.

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.