Reliance Jio says it raising Samurai loan for Rs 3,250 crore

NEW DELHI: Mukesh Ambani-led telecom operator Reliance Jio is raiseing USD 500 million (around Rs 3,250 crore) in Samurai loan from Japanese banks to help expand its telecom empire.nn”Reliance Jio Infocomm Limited (?RJIL?) has signed a ~JPY 53.5 Billion Samurai Term Loan with 7 year bullet maturity (the ?Facility?). The Facility is guaranteed by Reliance Industries Limited (?RIL?) and will be used for funding RJIL?s ongoing capital expenditure,” the company said in a statement.nn”This deal represents the largest Samurai loan for an Asian corporate. The Facility has been fully underwritten by Mizuho Bank, Ltd., MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation Singapore Branch and will be shortly launched into syndication,” it said.