Reliance Industries can sell bonds worth ₹ 1.5 lakh crore, know why it will be special
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Reliance Industries Bond Sale: Country’s richest industrialist Mukesh Ambani (Mukesh Ambani) owned company Reliance Industries is planning to raise Rs 15,000 crore through local currency bonds. According to Bloomberg, if the company is successful in bringing this bond, it will be the biggest bond sale till date. It is being told that since the year 2020, the company is working on a plan to raise money by issuing its first domestic bond. Reliance Industries is India’s largest company by market value. It has a sterling credit score from CRISIL Ratings, the Indian affiliate of S&P Global. Its business interests range from petrochemical refining to wireless communications services and consumer goods. It is expanding rapidly into existing businesses, such as 5G services, as well as into new businesses such as green energy and financial services. However, a Reliance Industries representative did not immediately comment when contacted by Bloomberg. Market experts say that investing in Reliance bonds can be a big profitable deal for investors. However, complete information will be available after studying the bonds after their arrival.
What is a local currency bond?
A local currency bond is a financial instrument that is denominated in the currency of a specific country and is issued by various financial bodies (government, corporations, or private companies) of that country. It is issued with the aim of specifically appealing to foreign investors, as they get a new choice of different investment options in that country. Local currency bonds are denominated in the currency of the specific country in which they are issued. For example, if the Government of India has issued bonds in its own currency, i.e. rupees, and they are available to Indian investors, then these will be called a local currency bond. The advantage of local currency bonds for foreign investors is that they get an option to invest in the currency of that country, which gives them the opportunity to invest in the currency of that country in exchange for foreign currency.
How to invest in local currency bonds
Investing in local currency bonds first requires knowledge of bond market specific techniques and markets. Consult a financial advisor before investing. There are different types of bonds available in the bond market, such as government bonds, private company bonds, and others. Get information about these different types of bonds. Before investing, prepare a plan, which includes the investment objective, investment amount, and investment period. There may be various bonds available for you to invest. You have to consider different options depending on your plans and objectives. To invest, you may need the help of a financial advisor or financial instrument provider to buy bonds. Bond investments gradually bring profits to their investors. Therefore, you need to invest time and develop slowly. You should monitor the progress of the investment and may consider making changes in the investment as per requirement. Before investing, you should consider your financial objectives and risk appetite and it would be safe to seek financial advice.
Reliance shares gained more than one percent
According to media reports, Reliance Industries is fully preparing for expansion. Apart from its oil and gas business, the company is working rapidly on a big plan to expand the business of retail, telecom, energy and finance. Along with this, she is also paying full attention to the profits of her companies. On Thursday, the fourth trading day of the week, Reliance shares rose by more than 1 percent. It was trading at a price of Rs 2325. Let us tell you that Reliance Industries has received AAA credit rating from CRISIL Ratings. This rating is higher than the AA rating of Tata Motors Limited. However, Moody’s and Fitch have given Baa2 and BBB ratings to Reliance Industries respectively.
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