The billionaire Mukesh Ambani-led company aims to raise up to ₹20,000 crore via 10-year bonds on Thursday, its first such fundraise since May 2020.
"There is demand from long-term investors like insurance and pension funds. There has been a limited number of corporate bonds issuance in longer tenor in the last two quarters, so, this RIL issue comes at an opportune time," said Badrish Kulhalli, head of fixed income at HDFC Life Insurance.
This story is from the November 09, 2023 edition of Hindustan Times.
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This story is from the November 09, 2023 edition of Hindustan Times.
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