Jio Credit Raises ₹1,030 Crore with 3-Year Bonds at 7.08% Yield

Jio Credit, the non-banking finance arm and a wholly-owned subsidiary of Jio Financial Services, has raised ₹1,030 crore through bonds with a 3-year maturity at a cut-off yield of 7.08%. The bond issue had a base size of ₹1,000 crore and included a green shoe option of ₹500 crore. The company did not take up the entire green shoe amount. 

According to news reports, yields came in slightly above the range that the company was willing to accept for the full offering.

Jio Credit Previous Bond Issue Earlier This Month

Earlier in May, Jio Credit had raised ₹1,000 crore through its first bond issuance. That issue involved bonds maturing in two years and ten months, and was priced at a cut-off yield of 7.19%. It also came with a base size of ₹500 crore and a green shoe option of ₹500 crore. The full amount was taken up in that offering.

In March 2025, the company completed its maiden commercial paper issuance. It raised ₹1,000 crore by selling papers with a 3-month tenure. The yield for that issue stood at 7.80%.

Background

Jio Credit is a non-banking financial company and a wholly owned subsidiary of Jio Financial Services. Jio Financial Services is registered with the Reserve Bank of India as a core investment company. It manages its financial services through various entities such as Jio Insurance Broking, Jio Leasing Services, Jio Payments Bank, Jio Payment Solutions, and Jio Finance Platform and Service.

Read more: Green Light for Jio BlackRock Mutual Fund!

Current Operations

As of March 2025, Jio Credit reported assets under management (AUM) of ₹10,000 crore. Its lending portfolio includes home loans, loans against property, mutual funds, and shares. The company is also involved in vendor financing, working capital loans, and term loans.

Share Price Performance

As of 10:46 AM on May 28, 2025, Jio Financial Services share price is trading at ₹293.65, a 0.65% increase.

Conclusion

Jio Credit has now completed multiple debt issuances over the past three months, including both bonds and commercial papers, adding to its funding channels.

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