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Reliance Jio issues Rs20bn bond

Connectivity BusinessbyConnectivity Business
July 7, 2016
in Financing, Space Services
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India’s Reliance Jio Infocomm has issued a five-year non-convertible bond worth Rs20bn (US$297m), carrying an interest rate of 8.32% per annum, as it gears up for its commercial 4G launch later this year. The initial issue size was Rs15bn (US$223m) but the company exercised a Rs5bn (US$74m) greenshoe option after receiving Rs37bn (US$549m) worth of bids. India’s Reliance Jio Infocomm has […]

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