Reliance Jio launches ¥53.5bn Samurai loan
India’s Reliance Jio Infocomm has launched the biggest Samurai loan from an Asian company into general syndication, as it looks to leverage on Japanese onshore liquidity.
The ¥53.5bn ($498m) term loan, which has a seven year bullet maturity, was opened last week. Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp Singapore branch are the mandated lead arrangers and bookrunners.
They have fully underwritten the borrowing, according to a banker close to the situation.They ...