The New Indian Express ·
RIL plans Rs 12,500 crore rupee bond sale, first since 2023
Reliance Industries, India’s largest company by cash balances, is planning to tap the domestic debt market with a Rs 12,500-crore five-year bond issue as early as next week, according to a source. If completed, it would be the largest listed corporate bond issuance in the domestic market this year.
RIL, which has a cash pile of Rs 2.46 lakh crore against net debt of Rs 1.23 lakh crore, is likely to offer a coupon of 7.47% on the five-year notes. The issue will have a base size of Rs 10,000 crore and a greenshoe option of Rs 2,500 crore.
The proposed coupon is significantly lower than the average yield of around 7.87% on AAA-rated corporate bonds of similar tenor.
