Reliance telco subsidiary in talks for $1.5bn refi

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By Shruti Chaturvedi
31 Jul 2014

Reliance Industries’ telecom arm Reliance Jio Infocomm (RJIL) is seeking feedback from banks on a $1.5bn loan that is likely to hit the market in the autumn. The proceeds will be used to refinance a facility that the subsidiary signed in 2011.

The new transaction is at a preliminary stage and details of the structure and pricing are still being discussed. But the syndication strategy is expected to mirror that of its 2011 predecessor. On that deal the company cemented a large mandated lead arranger and bookrunner group before a ...

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