Reliance ‘opens floodgates’ to Indian dollar bond spree
Reliance Industries has returned to the international bond market after over a year away, becoming the first Indian borrower to tap the sector this year. Its $1bn 10 year note last week generated a huge order book despite its tight pricing. It stayed inside its issue spread this week despite a widening in Asian secondary bonds.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts