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RIL Weighs ₹12,500 Crore Bond Sale as Jio IPO Advances
Reliance Industries Limited may borrow money by selling bonds.
The reported fundraising could total ₹12,500 crore.
The bonds may last for five years and pay 7.47% interest.
Four banks are reportedly helping arrange the sale.
This would be Reliance’s first bond offering since November 2023.
The company is also considering an IPO for Jio.
Jio’s draft IPO papers were filed on June 19 and approved on August 28.
The IPO’s size, value and timing could still change.
Reliance Industries Limited is reportedly considering a ₹12,500 crore bond sale.
The proposed notes would mature in five years and carry a 7.47% coupon.
The offer could include ₹10,000 crore of bonds plus a ₹2,500 crore greenshoe option.
Axis Bank, ICICI Bank, HDFC Bank and YES Bank are reportedly arranging the issuance.
Jio’s IPO plans remain under discussion after draft papers were filed with SEBI and approved.
- Who
- Reliance Industries Limited, with Axis Bank, ICICI Bank, HDFC Bank and YES Bank reportedly acting as arrangers; Jio is also preparing for a potential IPO.
- What
- A reported ₹12,500 crore bond sale and continuing deliberations over a Jio IPO.
- Where
- Not specified in the report.
- When
- The report does not specify the bond-sale date; it says the previous offering was in November 2023, while Jio filed draft papers on June 19 and received approval on August 28.
- Why
- The bond sale is described as fundraising; the report does not state a specific use for the proceeds.
Key facts
- Reported bond-sale size
- ₹10,000 crore, with a ₹2,500 crore greenshoe option
- Bond maturity
- Five years
- Reported coupon
- 7.47%
- Reported arrangers
- Axis Bank, ICICI Bank, HDFC Bank and YES Bank
- Previous offering
- The report says it would be Reliance Industries Limited’s first offering since November 2023
- Jio IPO dilution
- Up to 27 crore fresh shares, equivalent to 2.9% dilution
- IPO status
- Draft papers were filed with SEBI on June 19 and approved on August 28
Sources
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