By <\/em>Billionaire Mukesh Ambani<\/a>’s Reliance Jio Infocomm Ltd.<\/a>, India’s largest mobile phone carrier, is planning its biggest ever rupee bond sale as it targets gains in market share.
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<\/a> 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.
Jio’s entry into the wireless market in 2016 with free calls and ultra-cheap data, unleashed a tariff war in the country and shrank the telecom space from a dozen players to three private sector operators as others exited, merged or went bankrupt. The top-rated firm is coming to the debt market as the nation’s central bank drains excess liquidity from the banking system as it normalizes policy, pushing borrowing costs for AAA graded five-year corporate debt to near a nine-month high.
![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Jio is preparing to roll out 5G services in India this year after buying airwaves worth almost $8 billion in March. It was the top bidder in the latest spectrum auctions, underscoring its intent to retain its edge over rivals.
Jio’s parent Reliance Industries Ltd.<\/a> has hired banks too to arrange a series of fixed income investor calls from Tuesday for a potential multi-tranche dollar bond offering.
<\/span>
ETTelecom Interviews: Jio CTO Shyam Mardikar discusses Capex & Opex for 5G, Open RAN<\/a><\/div><\/div>
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By Divya Patil and P R Sanjai<\/strong>
By <\/em>Billionaire Mukesh Ambani<\/a>’s Reliance Jio Infocomm Ltd.<\/a>, India’s largest mobile phone carrier, is planning its biggest ever rupee bond sale as it targets gains in market share.
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<\/a> 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.
Jio’s entry into the wireless market in 2016 with free calls and ultra-cheap data, unleashed a tariff war in the country and shrank the telecom space from a dozen players to three private sector operators as others exited, merged or went bankrupt. The top-rated firm is coming to the debt market as the nation’s central bank drains excess liquidity from the banking system as it normalizes policy, pushing borrowing costs for AAA graded five-year corporate debt to near a nine-month high.
<\/span><\/figcaption><\/figure>
Jio is preparing to roll out 5G services in India this year after buying airwaves worth almost $8 billion in March. It was the top bidder in the latest spectrum auctions, underscoring its intent to retain its edge over rivals.
Jio’s parent Reliance Industries Ltd.<\/a> has hired banks too to arrange a series of fixed income investor calls from Tuesday for a potential multi-tranche dollar bond offering.
<\/body>","next_sibling":[{"msid":88684923,"title":"LG Electronics unveils new TV lineup with 97-inch OLED TV","entity_type":"ARTICLE","link":"\/news\/lg-electronics-unveils-new-tv-lineup-with-97-inch-oled-tv\/88684923","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"88685040","title":"Mukesh Ambani\u2019s Jio plans its biggest bond in debt market return","entity_type":"IMAGES","seopath":"markets\/bonds\/mukesh-ambanis-jio-plans-its-biggest-bond-in-debt-market-return","category_name":"Mukesh Ambani\u2019s Jio plans its biggest bond in debt market return","synopsis":"Jio\u2019s parent Reliance Industries Ltd. has hired banks too to arrange a series of fixed income investor calls from Tuesday for a potential multi-tranche dollar bond offering.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-30790\/88685040.cms?width=150&height=112","link":"\/image\/markets\/bonds\/mukesh-ambanis-jio-plans-its-biggest-bond-in-debt-market-return\/88685040"},{"msid":"88681952","title":"Moody\u2019s assigns Baa2 rating to RIL\u2019s proposed dollar bond issue","entity_type":"ARTICLE","seopath":"markets\/bonds\/moodys-assigns-baa2-rating-to-rils-proposed-dollar-bond-issue","category_name":"Bonds","synopsis":"Patodia, Moody\u2019s lead analyst for Reliance said the Mukesh Ambani-led company\u2019s significant dependence on India\u2019s economy through digital services and retail business acts as a constraint for its rating, confining it to a notch above that of the country\u2019s sovereign rating.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-48408\/88681952.cms?width=150&height=112","link":"\/news\/markets\/bonds\/moodys-assigns-baa2-rating-to-rils-proposed-dollar-bond-issue\/88681952"},{"msid":"88526468","title":"ETTelecom Interviews: Jio CTO Shyam Mardikar discusses Capex & Opex for 5G, Open RAN","entity_type":"MEDIAVIDEO","seopath":"videos\/ettelecom-interviews-jio-cto-shyam-mardikar-discusses-capex-and-opex-planning-for-5g-roll-out","category_name":"Videos","synopsis":"Reliance Jio Infocomm's Chief Technology Officer (CTO) Shyam Mardikar noted that all 5G spectrum bands should be available in one go to all telecoms operators to ensure an efficient Capex and Opex planning for launching 5G services in India. In an interview with ETTelecom's Danish Khan at Digital Telco Summit 2021, Mardikar revealed that India's top telecoms operator is also piloting 5G technology from other partner vendors along with its own end-to-end 5G stack in the country.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-51378\/88526468.cms?width=150&height=112","link":"\/videos\/ettelecom-interviews-jio-cto-shyam-mardikar-discusses-capex-and-opex-planning-for-5g-roll-out\/88526468"}],"seoschemas":false,"msid":88685302,"entity_type":"ARTICLE","title":"Mukesh Ambani\u2019s Jio plans its biggest bond in debt market return","synopsis":"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.","titleseo":"telecomnews\/mukesh-ambanis-jio-plans-its-biggest-bond-in-debt-market-return","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":4084,"shares":0,"engagementtimems":18602000},"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2022-01-04 13:33:36","lastupd":"2022-01-04 13:34:34","breadcrumbTags":["jio","reliance jio infocomm ltd.","reliance industries ltd.","Mukesh Ambani","Mukesh Ambani Jio","Industry","Jio bond issue","telecom news","Jio news"],"secinfo":{"seolocation":"telecomnews\/mukesh-ambanis-jio-plans-its-biggest-bond-in-debt-market-return"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-01-04" data-index="article_1">
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穆凯什•安巴尼的Jio计划最大的债券在债券市场回报
的公司正在寻求承诺周二高达500亿卢比(6.71亿美元)票据到期的五年,票面利率为6.20%,据知情人士透露。Jio最后利用本币债券市场2018年7月,并计划使用当前拟议中的交易所得为金融负债再融资。
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帕蒂尔迪和P R Sanjai
通过亿万富翁穆凯什•安巴尼的依赖Jio Infocomm有限公司印度最大的移动电话运营商,有史以来最大的卢比债券发行计划,因为它的目标市场份额的增长。
的公司正在寻求承诺周二高达500亿卢比(6.71亿美元)票据到期的五年,票面利率为6.20%,据知情人士透露。Jio最后利用本币债券市场2018年7月,并计划使用当前拟议中的交易所得为金融负债再融资。
Jio进入无线市场2016年的免费电话和超低价数据,释放出一个关税战争的国家,减少电信空间从十几个玩家三个私营部门运营商当别人退出,合并或破产。顶级公司的债券市场作为国家的中央银行下水道从银行体系流动性过剩使政策规范化,推动AAA级配五年企业债务的借贷成本接近九个月高点。
Jio准备推出5 g服务在印度后,今年3月购买价值大约80亿美元的电视广播。是最新的频谱拍卖出价最高,凸显出其意图保持优势的竞争对手。
Jio的母公司信实工业有限公司聘请了银行也安排一系列的固定收益投资者从周二呼吁潜在multi-tranche美元债券发行。
通过亿万富翁穆凯什•安巴尼的依赖Jio Infocomm有限公司印度最大的移动电话运营商,有史以来最大的卢比债券发行计划,因为它的目标市场份额的增长。
的公司正在寻求承诺周二高达500亿卢比(6.71亿美元)票据到期的五年,票面利率为6.20%,据知情人士透露。Jio最后利用本币债券市场2018年7月,并计划使用当前拟议中的交易所得为金融负债再融资。
Jio进入无线市场2016年的免费电话和超低价数据,释放出一个关税战争的国家,减少电信空间从十几个玩家三个私营部门运营商当别人退出,合并或破产。顶级公司的债券市场作为国家的中央银行下水道从银行体系流动性过剩使政策规范化,推动AAA级配五年企业债务的借贷成本接近九个月高点。
Jio准备推出5 g服务在印度后,今年3月购买价值大约80亿美元的电视广播。是最新的频谱拍卖出价最高,凸显出其意图保持优势的竞争对手。
Jio的母公司信实工业有限公司聘请了银行也安排一系列的固定收益投资者从周二呼吁潜在multi-tranche美元债券发行。
By <\/em>Billionaire Mukesh Ambani<\/a>’s Reliance Jio Infocomm Ltd.<\/a>, India’s largest mobile phone carrier, is planning its biggest ever rupee bond sale as it targets gains in market share.
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<\/a> 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.
Jio’s entry into the wireless market in 2016 with free calls and ultra-cheap data, unleashed a tariff war in the country and shrank the telecom space from a dozen players to three private sector operators as others exited, merged or went bankrupt. The top-rated firm is coming to the debt market as the nation’s central bank drains excess liquidity from the banking system as it normalizes policy, pushing borrowing costs for AAA graded five-year corporate debt to near a nine-month high.
Jio is preparing to roll out 5G services in India this year after buying airwaves worth almost $8 billion in March. It was the top bidder in the latest spectrum auctions, underscoring its intent to retain its edge over rivals.
Jio’s parent Reliance Industries Ltd.<\/a> has hired banks too to arrange a series of fixed income investor calls from Tuesday for a potential multi-tranche dollar bond offering.
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