Reliance Industries Ltd.

Reliance Industries has raised Rs 20,000 crore in the largest bond issue by a non-financial Indian firm, paying 7.79 per cent interest rate. The coupon rate is 40 basis points more than the government's borrowing cost. 

The company has allotted 20,00,000 secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each, issued on private placement basis. The base issue size was Rs 10,000 crore, with an option to retain oversubscription (green shoe option) of up to Rs 10,000 crore.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.