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Government Raises 120 Billion Rupees Through Debt Sale

Reserve Bank of India raised 120 billion rupees by selling bonds on Friday. RBI also set a cut off price of Rs. 103. 85, yielding 8. 2040% on 8.79% bonds maturing in 2021.

The coupon was lower than the forecast of 8.2262 per cent in a Reuter’s poll earlier in the day.

Reserve Bank of India RBI Logo
Reserve Bank of India

 The cut-off price for 8.24 per cent 2018 bonds was 99.65 rupees, which was yielding 8.3097 per cent, the RBI said, higher than the forecast of 8.3044 per cent.

For the 8.83 per cent 2041 bonds, the cut-off price was 102.44 rupees, which yields 8.5996 per cent, lower than the poll forecast of 8.6009 per cent.


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