RCom in loan talks with China Dev Bank

Reliance Communications is in the early stages of talks with state-owned China Development Bank (CDB) for a syndicated loan of $925 million, the same size as the convertible bond, a source said.

The bank is likely to approach other Chinese lenders about syndicating the loan, the source said. Terms are still to be worked out, and a loan is not likely to be launched until February.

Reliance Communications, which has borrowed from the Chinese lender in the past, has also discussed with CDB the possibility of borrowing Chinese currency in India, the person said. CDB arranged loans worth $1.93 billion last March.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.