Reliance Industries raises Rs 20,000 crore through 10-year bonds at 7.79%

Reliance Industries raised Rs 20,000 crore on Thursday through 10-year bonds at a coupon of 7.79 per cent, which was along expected lines, market participants said. It was the largest bond issue by a non-financial Indian firm.

The majority of the subscribers were large insurance companies, and pension funds, market participants said.

Market participants said that the company received bids worth around Rs 27,000 crore ranging between 7.35 per cent and 7.79 per cent. At 7.80 per cent, Rs 10,000 crore worth of bids were received, they said.