Reliance proceeds with ₹12,000 crore bond issue amid rising costs
pre-market1 source ↓written by the desknot a recommendation
- bond issue despite
- ₹12,000 crore
- for bonds exceeding
- 8%
Reliance Industries is moving forward with a ₹12,000 crore bond issue despite rising borrowing costs. Recent market conditions saw bids for bonds exceeding 8%, leading to the withdrawal of other issuances like Sagarmala Finance's. This move reflects a strategic effort to leverage available liquidity amid tightening rates. 📈
• Reliance aims to raise funds as companies seek to tap surplus bank liquidity.
• The bond market is facing pressure with several issuers withdrawing due to high rates.
Immediate implications may include heightened scrutiny on borrowing costs for corporates.
Not investment advice. For informational purposes only.