The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Reliance Industries plans to issue 10-year notes with a 7.90% annual coupon.
- The conglomerate aims to complete this borrowing before the central bank's monetary policy decision on October 7.
- This issuance follows a recent 120 billion rupee fundraising effort by the company.
- Lower domestic bond yields have made this route more cost-effective than US dollar debt.
What to watch next
- The official opening of investor bidding for the bond issuance
- The timing of the sale relative to the October 7 central bank monetary policy decision
Who said what1
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Unidentified Banker
1 quote · 1 outlet
“Ideally, the company would want to finish the borrowing before the central bank monetary policy decision on October 7”
In the article
…week or the week after, according to bankers. The bankers requested anonymity as they are not authorised to speak to the media, while Reliance Industries did not immediately reply to a Reuters email seeking comment. " Ideally, the company would want to finish the borrowing before the central bank monetary policy decision on October 7 ," one of the bankers said. Two weeks ago, RelianceIndustries raised 120 billion rupees through a sale of five-year papers at an annual coupon of 7.47%. The raise marked the conglomerate's first rupee bond offering…
Coverage1
All filed from India
Named India · Reliance Industries · Reuters
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