SBI invests ₹5,000 cr in RIL's ₹13,000 cr bond issue
pre-market1 source ↓machine-written, see hownot a recommendation
- of the offering
- 40%
- approximately
- ₹5,000 crore
- annual coupon
- 7.90%
State Bank of India has emerged as the largest investor in Reliance Industries' ₹13,000 crore bond issue, acquiring nearly 40% of the offering, approximately ₹5,000 crore. The bonds, issued at a 7.90% annual coupon and rated AAA, reflect strong demand from banks and insurers amid tightening monetary policy concerns.
This significant investment highlights SBI's confidence in RIL's creditworthiness and the growing trend of companies utilizing the domestic bond market for funding amid inflationary pressures.
Not investment advice. For informational purposes only.