Reliance goes ahead with ₹12,000 crore bond issue amid rising borrowing costs

Reliance Industries is moving forward with its bond issue of ₹12,000 crore, offering a 7.9% coupon rate. In contrast, Sagarmala Finance canceled its bond sale after receiving bids above its targeted interest rate. Adani Airports previously raised ₹1,000 crore at a rate of 8.96% for three years. Several companies, including Sidbi, have withdrawn bond auctions due to unexpected higher borrowing costs.