Jio Financial Services in talks for maiden bond issue, say bankers
Mon, Nov 20, 2023 5:31 PM

Jio Financial Services in talks for maiden bond issue, say bankers

A Flip by Avya Verma
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India's Jio Financial Services is in talks with merchant bankers for its first bond issue, aiming to raise Rs 5,000-10,000 crore ($600.6m-$1.2b). Banks declined credit ratings, citing short-term commercial papers and bank borrowing lines ahead of the bond issue, which would be limited to five-year maturity. Companies are expected to get AAA credit rating, with 40 basis points higher.

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