RIL uses a LIBOR alternative for financing deal with JPMorgan
![](https://img.etimg.com/thumb/msid-85565375,width-1070,height-580,imgsize-28348,overlay-etmarkets/photo.jpg)
The financing deal was sealed at the banks overseas branch, likely in Singapore, and it involved discounting a Letter of Credit (LC). The amount involved was about $50 million.
via Economictimes
Post a Comment