RBI sets underwriting for bond auctions
The Reserve Bank of India (RBI) said on Thursday it would pay primary dealers up to 0.019 rupee per Rs 100 to underwrite the 7.38 per cent 2015 bond auction on Friday.
By PTI |
MUMBAI: The Reserve Bank of India (RBI) said on Thursday it would pay primary dealers up to 0.019 rupee per Rs 100 to underwrite the 7.38 per cent 2015 bond auction on Friday.
The government plans to raise Rs 60 billion from the bond issue. The central bank also said it would pay primary dealers up to Re 0.046 rupee per Rs 100 to underwrite the 40-billion-rupee sale of 7.95 per cent 2032 bond.
The government plans to raise Rs 60 billion from the bond issue. The central bank also said it would pay primary dealers up to Re 0.046 rupee per Rs 100 to underwrite the 40-billion-rupee sale of 7.95 per cent 2032 bond.
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