August 26, 2026 03:48 am (IST)
Follow us:
RJIL issues Rs 2,000 crore 5-year NCDs
Mumbai, Jul 7 (IBNS): Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL) and the first telecom operator to hold pan India Unified License, on Thursday, issued Rs 2,000 crore of 5-year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually.
The issue has been assigned a rating of AAA by CRISIL and ICRA.
The proceeds of the issuance shall be utilized by RJIL for rolling out a state-of-the-art digital services business in India.
RJIL is the first issuer outside the financial services industry in India, to raise funds digitally through the EBP route.
This is also the largest debt issuance in the Indian market by any issuer since the electronic bidding platform has been mandated by SEBI for private placement of debt, effective July 1, 2016.
The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of Rs 3500 crores, Reliance Jio said.
Key investors include the prominent asset management companies and banks.
“We are overwhelmed by the response that we have received for our maiden issuance on the BSE-BOND platform. It reinforces the faith investors have in our next generation
digital services business. The launch of the EBP platform is a significant step towards the development of market infrastructure for Indian Corporate Bond market. It will make the debt issuance process significantly more smooth and transparent for issuers as well as investors” said Soumyo Dutta, Treasurer, Reliance Industries Limited.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
RBI’s big forex boost: Banks mobilise $73 billion in just 11 weeks
Tue, Aug 25 2026
Tata Sierra.ev gets 5G superpowers as Tata Motors bets big on software-defined cars
Tue, Aug 25 2026
Bajaj Life Insurance launches ‘BSE 500 Momentum Value 50 Index Fund’ for ULIP customers. How to avail it?
Tue, Aug 25 2026
8 in 10 Digital Marketing Jobs in Mumbai Don't Ask for an MBA, Finds IIDE Review of 500 Job Descriptions
Tue, Aug 25 2026
How a minor bank account helps build savings habits early
Tue, Aug 25 2026
Sensex, Nifty slip in morning trade as metal stocks retreat; Shankesh Jewellers, Sunshine Pictures debut higher
Tue, Aug 25 2026
TCS, Porsche join forces in major AI move to transform mobility
Tue, Aug 25 2026