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Funding and debt● Neutral for Reliance Industries
Reliance goes ahead with ₹12,000 crore bond issue amid rising borrowing costs
The brief
- Reliance Industries is proceeding with a ₹12,000 crore bond issue at a 7.9% coupon
- Sagarmala Finance cancelled its bond sale amid rising borrowing costs
- The 7.9% coupon signals financing costs for Reliance Industries; its bond issue is under investor scrutiny
- Reliance Industries fell 25% this year: Which mutual funds have the highest exposure — and should you be worried?
- Reliance and Nayara ration fuel sales as crude prices rise
- Reliance shares hit a fresh 52-week low; stock plunges 24% YTD - Time to buy or stay away?
- Reliance plans $1 billion securitisation backed by group rental receivables
- Reliance plans ₹10,000 crore, 10-year bond issue next week