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Reliance Jio signs 53.5 bn yen 'Samurai' term loan agreement

IANS  |  Mumbai 

Infocomm (RJIL) on Friday signed a 53.5 billion "Term Loan" with 7 year bullet maturity.

According to the company, the facility is guaranteed by Industries (RIL) and "will be used for funding RJIL's ongoing capital expenditure".

"This deal represents the largest loan for an Asian corporate. The Facility has been fully underwritten by Mizuho Bank, , MUFG Bank, Ltd. and and will be shortly launched into syndication," the company said in a statement.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 14 2018. 00:26 IST
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