SBI leads demand, snaps up 40% of Reliance Industries’ ₹13,000 crore bond issue
AI Summary
The strong demand for Reliance Industries' latest bond issue, particularly from major institutional investors like State Bank of India, signals robust confidence in the company's creditworthiness amid a tightening monetary policy environment. For retail investors, this trend highlights the attractiveness of high-quality, long-dated bonds as a means to secure stable returns, especially as companies rush to lock in favorable borrowing costs before potential rate hikes. This could also indicate a broader trend where investors may favor established firms with strong ratings in uncertain economic conditions.
State Bank of India , the country's largest lender, led the demand for Reliance Industries' 130-billion-rupee ($1.35 billion) 10-year debt sale completed on Wednesday, according to five sources familiar with the transaction.
The state-run bank is estimated to have bought bonds worth nearly 50 billion rupees, or about 40% of the offering, they said. The bonds were rated "AAA" by rating agencies Crisil and CareEdge, and carried an annual coupon of 7.90%.
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This is a company news update from Livemint, published on 02 October 2026.
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