From The Economic Times · Rozebud Gonsalves · · 1m
Reliance Raises ₹10,000 Crore Next Week
Reliance to tap ₹10,000 crore bank liquidity next week amid corporate debt surge.
In brief
Reliance to tap ₹10,000 crore bank liquidity next week amid corporate debt surge. Reliance Industries plans a ₹10,000 crore 10-year bond issuance next week to access surplus bank liquidity ahead of RBI's October 7 policy decision. Originally reported by The Economic Times.
Reliance Bond Plan
Reliance Industries Limited is planning to raise ₹10,000 crore next week through a ten-year maturity bond.
Corporate Debt Surge
Adani Airport Holdings and other companies collectively raise more than ₹14,500 crore this Friday.
Adani Airport's Raise
Adani Airport alone is set to raise ₹1,000 crore for three years at a rate of 8.96%.
Bank Liquidity Drive
Companies rush to tap surplus bank liquidity ahead of RBI's October 7 monetary policy decision.
Additional Raises
Small Industries Development Bank of India raises up to ₹6,000 crore for three years and Aditya Birla Capital raises ₹1,000 crore for the same maturity.
JSW Energy Raise
JSW Energy will raise ₹500 crore for seven years to complete the corporate debt surge.
The main idea
Reliance Industries plans a ₹10,000 crore 10-year bond issuance next week to access surplus bank liquidity ahead of RBI's October 7 policy decision.
