Milbank Advises on the US$1B K-sure Backed Trade Loan for Reliance Jio Infocomm Telecoms Project in India

Milbank, Tweed, Hadley & McCloy LLP is advising the lead arrangers and facility agent, Korea Trade Insurance Corporation (“K-sure”) and the participating commercial banks with respect to a multi-billion dollar telecom project run by Reliance Jio Infocomm Ltd. to expand India’s wireless network.

K-sure has offered a $1 billion trade loan for Reliance Infocomm’s project following a $750 million credit facility in 2015. This is due to be the largest Indian loan covered by K-sure, and K-sure’s largest global telecom financing.

The Milbank team was led by Global Project, Energy and Infrastructure partner John Dewar and Seoul managing partner YJ Kim, with senior associate Munib Hussain, assisted by Michael Bingham.