Reliance Plans 125 Billion Rupee Bond Sale
Reliance Industries plans to raise 125 billion rupees through five-year bonds next week in its first rupee bond offering since November 2023. The oil-to-telecom conglomerate will offer an annual coupon of 7.47 percent.
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Reliance Industries plans to raise 125 billion Indian rupees ($1.31B) through five-year bonds, returning to the local debt market on Tuesday. The upcoming issuance marks the oil-to-telecom conglomerate's first rupee bond offering in India since November 2023. Five bankers familiar with the transaction outlined the terms during Friday morning trade.
