Report
Reliance goes ahead with ā¹12,000 crore bond issue amid rising borrowing costs
The Economic Times reports that Reliance Industries is offering a 7.9% coupon, while Sagarmala Finance canceled a bond sale after bids exceeded its targeted interest rate.
TLDR
The Economic Times reports that Reliance Industries is moving forward with a ā¹12,000 crore bond issue offering a 7.9% coupon. Sagarmala Finance canceled a bond sale after bids came in above its targeted interest rate, and several companies, including Sidbi, have withdrawn bond auctions over unexpectedly high borrowing costs.
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