Reliance goes ahead with ₹12,000 crore bond issue amid rising borrowing costs
- Posted on September 29, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
Reliance Industries demonstrates market confidence by proceeding with a ₹12,000 crore bond issuance despite challenging market conditions characterized by elevated borrowing costs. The company offers a 7.9% coupon rate while competitors face headwinds, with Sagarmala Finance abandoning its bond sale and other corporations withdrawing auctions. This strategic move reflects Reliance's strong credit positioning and investor appetite, contrasting sharply with market volatility affecting smaller financial entities and infrastructure firms navigating higher interest rate environments.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Reliance goes ahead with ₹12,000 crore bond issue amid rising borrowing costs
Reliance Industries is moving forward with its bond issue of ₹12,000 crore, offering a 7.9% coupon rate. In contrast, Sagarmala Finance canceled its bond sale after receiving bids above its targeted interest rate. Adani Airports previously raised ₹1,000 crore at a rate of 8.96% for three years. Several companies, including Sidbi, have withdrawn bond auctions due to unexpected higher borrowing costs.
