Reliance Industries to issue Rs 12,500 crore five-year bond next week
Reliance Industries plans to tap India’s domestic debt market with a Rs 12,500-crore five-year bond issue as early as next week, potentially the largest listed corporate bond sale in the domestic market this year. The coupon is likely around 7.47% on the notes. Reliance’s cash position stands well above net debt, while Jio Platforms prepares an IPO seeking about Rs 38,000 crore after Sebi approval.