• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Billionaire Mukesh Ambani’s Jio set to make its biggest bond in debt market return

Michelle Ezenduka by Michelle Ezenduka
January 4, 2022
in Billionaire Watch
Mukesh Ambani, Asia’s richest billionaire, earns $3.7 billion in a single day

Mukesh Ambani

Share on FacebookShare on TwitterShare on Linkedin

Billionaire, Mukesh Ambani and CEO of Jio Infocomm Ltd is planning the company’s biggest rupee bond sale. According to people familiar with the matter, 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%.

Jio Infocomm Ltd last tapped into the local currency bond market in July 2018 and is planning to use the proceeds from the current proposed deal to refinance financial responsibilities, according to Bloomberg.

Jio’s entry into the wireless market in 2016 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.

RelatedStories

Top highlights from the Ambani’s luxury multi million dollar wedding

Top highlights from the Ambani’s luxury multi million dollar wedding

July 15, 2024
India’s richest family paid Bieber $10 million for pre-wedding performance

India’s richest family paid Bieber $10 million for pre-wedding performance

July 9, 2024

Read: Mukesh Ambani, the richest man in Asia buys iconic $79m UK golf club with 900 years history

Jio’s parent company has hired banks to arrange a series of fixed income investor calls for a potential multi-tranche dollar bond offering in addition to this. Jio is preparing to roll out 5G services in India this year after buying airwaves worth almost $5 billion in March and being the top bidder in the latest spectrum auctions, making its intention to have and maintain an edge over its rivals clear.

The billionaire is of the opinion that India should prioritize the rollout of 5G telecommunications and also ensure devices become affordable, a feat which looks easy for the telecommunications giant as it counts Google, Facebook, Qualcomm and Intel amongst its backers.

Read: Mukesh Ambani, Asia’s richest billionaire, earns $3.7 billion in a single day

Ambani also stated in an interview that  Jio subscribers would soon be able to recharge their phone and make payments through WhatsApp, and bring consumer convenience like never before.

Tags: JioMukesh Ambani
Michelle Ezenduka

Michelle Ezenduka

For further inquiries about this article, contact: Email: ezenduka.michelle@nairametrics.com Twitter: MissAppenine LinkedIn: Ezenduka Michelle

Related Posts

Top highlights from the Ambani’s luxury multi million dollar wedding
Lifestyle

Top highlights from the Ambani’s luxury multi million dollar wedding

July 15, 2024
India’s richest family paid Bieber $10 million for pre-wedding performance
Entertainment

India’s richest family paid Bieber $10 million for pre-wedding performance

July 9, 2024
Asia’s richest man set to invest in Ghana’s telecom market by offering 5G tech solutions
Sectors

Asia’s richest man set to invest in Ghana’s telecom market by offering 5G tech solutions

May 27, 2024
Indian billionaire Mukesh Abani’s pays Rihanna $6.3 million to sing at son’s wedding 
Entertainment

Indian billionaire Mukesh Abani’s pays Rihanna $6.3 million to sing at son’s wedding 

March 3, 2024
Mukesh Ambani, Asia’s richest billionaire, earns $3.7 billion in a single day
Billionaire Watch

Asia’s richest man, Mukesh Ambani now worth $94 billion

December 3, 2021
Mukesh Ambani, Asia’s richest billionaire, earns $3.7 billion in a single day
Billionaire Watch

Mukesh Ambani, Asia’s richest billionaire, earns $3.7 billion in a single day

September 4, 2021
Next Post
New OPEC+ output cut proposal may stall if Russia …

2022 global oil demand to hit 100.6 million BPD – OPEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG orders emergency care reforms at FMC Abuja, plans nationwide training rollout 
  • President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 
  • Africa needs gas as a transformational fuel for development – Sahara Group 

Follow us on social media:

Recent News

Federal Medical Center Abuja to begin subsidizing dialysis treatment for kidney patients soon

FG orders emergency care reforms at FMC Abuja, plans nationwide training rollout 

July 14, 2025
President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics