State Bank of India leads Reliance's $1.35 billion debt sale
pre-market1 source ↓written by the desknot a recommendation
- of Reliance Industries
- ₹50 billion
- $1.35 billion debt
- ₹130 billion
- of the total
- 40%
- annual coupon
- 7.90%
State Bank of India, the largest lender in India, purchased nearly ₹50 billion of Reliance Industries' ₹130 billion ($1.35 billion) debt offering, accounting for about 40% of the total. The bonds, rated AAA, feature an annual coupon of 7.90%. This move reflects increased domestic borrowing amid rising inflation concerns. 📈💼
Not investment advice. For informational purposes only.