Saturday, June 15, 2013

RBI has offered 10-year IIB for Rs 1000 crore

The Reserve Bank of India (RBI) has offered 10-year inflation indexed bonds for a notified amount
of Rs 1000 crores. The auction was conducted through uniform price method and 20% of the notified amount being reserved for the retail investors under non-competitive bidding. The coupon has been set based on the bids received and will be payable twice a year.

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