India  

Government's 50-year bond debut sees 4x demand

IndiaTimes Saturday, 4 November 2023
The Indian government has introduced a 50-year bond worth Rs 10,000 crore for the first time, which saw strong demand. The auction by the RBI received bids worth Rs 40,200 crore from 216 bids. The cut off yield for the bonds was 7.46% per annum. The government had previously announced plans to introduce 50-year gilts in response to demand from insurance companies. Additionally, the government will also introduce sovereign green bonds in its weekly auctions.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Israeli Government and Hamas Strike Hostage Deal [Video]

Israeli Government and Hamas Strike Hostage Deal

Israeli Government and Hamas , Strike Hostage Deal. The Israel-Hamas war will see a four-day cease-fire in which 50 hostages who are being held in Gaza will be released, NBC News reports. Three..

Credit: Wibbitz Top Stories     Duration: 01:31Published
Government Boosts Program to Offer Households Additional Free COVID Tests [Video]

Government Boosts Program to Offer Households Additional Free COVID Tests

Government Boosts Program , to Offer Households Additional , Free COVID Tests. ABC reports that the government will offer households an additional four free COVID-19 tests ahead of the approaching..

Credit: Wibbitz Top Stories     Duration: 01:27Published

Related news from verified sources

Green bond debut sees strong demand

The maiden auction to issue sovereign green bond (SGrB) saw strong demand from investors on Friday. The total demand was at Rs 12,464 crore against Rs 5,000...
IndiaTimes