Indian Government plans INR 29,000 crore ($3.78 billion) bond auction on May 31 in Mumbai.
The Indian Government plans to auction INR 29,000 crore ($3.78 billion) in government bonds on May 31. The Reserve Bank of India will conduct the auction in Mumbai, offering three lots: New Government Security 2029 for INR 12,000 crore, New GOI SGrB 2034 for INR 6,000 crore, and 7.34% Government Security 2064 for INR 11,000 crore. Both competitive and non-competitive bids will be submitted through the E-Kuber system, with results announced on May 31 and payments due on June 3. The securities will be eligible for "When Issued" trading in accordance with RBI guidelines.
May 27, 2024
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