State Bank of India led the demand for Reliance Industries' ₹13,000 crore 10-year debt sale, buying nearly 50 billion rupees worth of bonds. The bonds, rated "AAA" by Crisil and CareEdge, carry an annual coupon of 7.90%. This sale follows Reliance's 120-billion-rupee five-year bond sale two weeks ago, and comes amid Indian companies' efforts to secure funding before a potentially tighter monetary policy stance.
Source: thehindubusinessline.com
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