RIL ups deal size of asset-backed notes on strong demand

Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance’s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.

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