Epic Research

Thursday, July 11, 2013

Epic Update : Reliance Communications

Reliance Communications (RCom) has completed securitisation of proceeds under the Rs 1200 crore ($200 million) inter-city Fibre Agreement signed with Reliance Jio Infocomm in April 2013. The proceeds from securitisation have been utilized to repay high cost rupee debt, resulting in significant interest cost savings for RCom. The securitisation has been completed with Indian and foreign banks. - See more at: http://www.epicresearch.co/blog/#sthash.ohbaLVrm.dpuf
Epic Update Reliance CommunicationsReliance Communications (RCom) has completed securitisation of proceeds under the Rs 1200 crore ($200 million) inter-city Fibre Agreement signed with Reliance Jio Infocomm in April 2013. The proceeds from securitisation have been utilized to repay high cost rupee debt, resulting in significant interest cost savings for RCom. The securitisation has been completed with Indian and foreign banks. 

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