BusinessSBI Buys 40% of Reliance Industries' ₹13,000 Crore Bond Issue
State Bank of India purchased bonds worth nearly ₹50 billion, about 40% of Reliance Industries' ₹13,000 crore bond issue. The bonds, rated ‘AAA’ by Crisil and CareEdge, carry an annual coupon rate of 7.90%. This significant investment highlights SBI's strong demand for high-rated corporate bonds.
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