Reliance plans $1.3bn bond in first sale since 2023

Reliance Industries plans to raise Rs 12,500 crore via bonds next week. This issuance would be the largest listed deal in the market this year. The company will offer AAA rated notes due in five years at a coupon of 7.47%. This offering follows other Indian companies considering bond sales amid monetary policy expectations. The bond sale coincides with Jio Platforms’ upcoming initial public offering.

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