Reliance plans first local debt sale after three years with $1.32 billion fundraise, bankers say

The oil-to-telecom conglomerate plans to raise 125 billion rupees ($1.32 ‌billion) through a sale of five-year notes, at an annual coupon of 7.47%, ‌and is set to invite bids from ‌investors in ⁠the week ending September 18, ⁠according to bankers.