Mukesh Ambani’s Jio plans its biggest bond in debt market return
04 Jan 2022
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The company is seeking commitments Tuesday for as much as 50 billion rupees ($671 million) of notes maturing in five years at a coupon of 6.20%, according to people familiar with the matter. Jio last tapped the local-currency bond market in July 2018, and is planning to use the proceeds from the current proposed deal to refinance financial liabilities.