{
  "id": 10978629,
  "title": "Reliance’s ₹13,000 crore bond issue draws strong demand; SBI said to be largest investor",
  "url": "https://urgent.news/2026/09/30/reliances-13-000-crore-bond-issue-draws-strong-demand-sbi-said-to-be",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T15:56:57.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/companies/reliances-13000-crore-bond-issue-draws-strong-demand-sbi-said-to-be-largest-investor/article71529752.ece"
  },
  "original_language": "en",
  "account": "Reliance Industries successfully issued ₹13,000 crore in 10-year bonds on Wednesday, with bids exceeding the base issue size of ₹12,000 crore by ₹3,000 crore. The green shoe option allowed underwriters to sell an additional ₹1,000 crore. The issue attracted 80 qualified institutional buyers and one non-QIB investor, with State Bank of India emerging as the largest investor, purchasing bonds worth approximately ₹5,000 crore, or around 40% of the offering. Other major investors included ICICI Prudential Mutual Fund, SBI Pension Fund, and ICICI Prudential Life Insurance. The bonds carry a 7.90% coupon and are rated AAA by Crisil and CareEdge. Market participants noted the scarcity of long-tenor, high-quality corporate debt, making the issue attractive to banks, insurers, and pension funds. This transaction follows Reliance's earlier ₹12,000 crore five-year bond issue at a 7.47% coupon, highlighting the continued demand for the company's bonds despite recent volatility in debt markets.",
  "summary": "The issue included a green shoe option of ₹1,000 crore",
  "key_points": [
    "Reliance Industries issues ₹13,000 crore in 10-year bonds",
    "State Bank of India is the largest investor with ₹5,000 crore",
    "Bonds have 7.90% coupon and AAA rating"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}