Reliance Jio Infocomm has raised Rs.2000 crore through issuance of non-convertible debentures on the BSE's new platform and the proceeds would be utilized for rollout of its digital services business.

Attracting strong investor interest, the issue received bids worth over Rs.3500 crore. The Rs.1500-crore bond issue with a green shoe option of Rs.500 crore got oversubscribed within a few minutes of the issue opening.

Reliance Jio has issued non-convertible debentures worth Rs.2000 crore. The five-year NCDs carry a coupon rate of 8.32 percent per annum.

Prominent asset management companies and banks participated in the issue. The proceeds of the issue shall be utilized by Reliance Jio Infocomm Ltd. for rolling out a state-of-the-art digital services business in India.

"We are overwhelmed by the response that we have received for our maiden issuance on the BSE-BOND platform. It reinforces the faith investors have in our next-generation digital services business," Reliance Industries Treasurer, Soumyo Dutta, said.

"Issue by Reliance Jio Infocomm Ltd. generated an overwhelming response of more than Rs.3700 crore," said Ashish Kumar Chauhan, MD and CEO, BSE.

 


 

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