SBI buys nearly 40% of Reliance 10-year bond issue
State Bank of India led demand for Reliance Industries’ Rs 13,000 crore 10-year bond issue, estimated to have bought nearly Rs 5,000 crore (about 40%).
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State Bank of India Buys 40% of Reliance's Rs 13,000 Cr Bond Issue
State Bank of India was the largest investor in Reliance Industries' Rs 13,000 crore 10-year bond offering, purchasing nearly 40% of the issue. This marks Reliance's return to the domestic debt market, with banks, insurers, and pension funds increasing allocations to high-quality corporate bonds.
State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale
By Khushi Malhotra and Dharamraj Dhutia MUMBAI, Sept 30 (Reuters) — State Bank of India, the country's largest lender, led the demand for Reliance Industries' 130-billion-rupee ($1.35 billion) 10-year debt sale completed on Wednesday, according to five sources familiar with the transaction. The state-run bank is estima