Jio is in talks with the likes of Bank of America, BNP, HSBC and Societe Generale (SocGen) to arrange the overseas loan, which is likely to be priced after adding an estimated 65 basis points over the Secured Overnight Financing Rate (SOFR), a new global rate gauge, the people added. Going forward, Jio may even upsize the loans as more banks may join the syndication.
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Sunday, October 9, 2022
Jio eyes $2.5 billion overseas loans for 5G network gear buys
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