Reliance Returns To Local Bond Market After 3 Years With Rs12,500 Crore Issue
India, Sept. 9 -- With the corporates with better ratings taking advantage of the prevailing low borrowing rates, the corporate debt market has picked up pace in India. In recent years, major issuers have also availed the debt markets more actively to cater to their funding requirements, as well as to manage the capital structure, thanks to the ease in the domestic bond yields.
The share price of Reliance Industries Limited fell -0.33 %to Rs.1,290.60, compared with the previous close of Rs.1,294.90. The stock opened at Rs.1,283.50 and traded between Rs.1,289.70 and Rs.1,277.20 during the session. The company has a market capitalization of Rs.17,43,667.61 crore.
Large-Scale Bond Fundraising
The issue will have a base size of Rs.10,000 c...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.