Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain, announced Friday the company's subsidiary Reliance Jio Infocomm (RJIL) signed a USD 750 million loan backed by Korea Exim Bank on Sept. 24, 2014. The loan is guaranteed by RIL and will be primarily used to finance goods and services produced from Samsung Electronics for the infrastructure rollout of RJIL.

This is the first loan between Reliance group and Korea Exim Bank and has a door to door tenor of 12 years including a 2 year availability period and repayable over 10 years thereafter. This deal is notably Korea Exim Bank's largest telecom infrastructure financing till date. It is also Korea Exim Bank's largest deal in India.

Korea Exim Bank is funding USD 440 Million of the above loan as a direct funding and the balance USD 310 Million is being funded under the K-Exim covered guarantee by eleven of Reliance's relationship banks including The Hongkong and Shanghai Banking Corporation, Australia and New Zealand Banking Group, Banco Santander, SA. 

Shares of the company gained Rs 5, or 0.54%, to trade at Rs 934.40. The total volume of shares traded was 43,963 at the BSE (9.48 a.m., Friday).