Reliance Industries raises Rs.13,000-Cr through 10-yr bonds

Mumbai-based Reliance Industries has raised INR 13,000 crore through the issuance of 10-year bonds at a coupon rate of 7.90%. The transaction included an anchor investor portion of INR 3,500 crore, subscribed by 16 entities, including mutual funds, insurance companies, and pension funds. Notable subscribers to the anchor portion included SBI Capital Markets, ICICI Prudential Mutual Fund, and SBI Pension Fund. The remainder was raised through a non-anchor portion.