Reliance Industries Ltd.

Reliance Industries’ (RIL) subsidiary -- Reliance Jio Infocomm has signed a $1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation (K-SURE) on June 22, 2018. The Facility will be used to finance goods and services procured primarily from Samsung Electronics and Ace Technologies Corporation. 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.

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.