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    HomeNewsBusinessEconomyRBI to kickstart sale of inflation-indexed bonds on June 4

    RBI to kickstart sale of inflation-indexed bonds on June 4

    The Reserve Bank of India will sell 10-20 billion rupees of inflation-indexed bonds on June 4, kickstarting monthly sales of a new type of debt the country is introducing this year.

    May 16, 2013 / 16:43 IST

    The Reserve Bank of India will sell Rs 10-20 billion of inflation-indexed bonds on June 4, kickstarting monthly sales of a new type of debt the country is introducing this year.

    Also read: Cobrapost: What worries & why incentive culture be revised?


    The principal will be indexed to the wholesale price index with a four-months lag, while the coupon will remain fixed, the central bank said.


    India plans to kick off the sale in June with inflation-linked debt of 10-year maturities, and will sell Rs 10-20 billion each month for a total of Rs 120-150 billion by the fiscal year ending in March 2014.


    Also Read: RBI doing its bit to ease interest rates, what about banks?


    The RBI will aim to eventually sell these bonds to retail investors around October, after gathering experience about the coupon rates from the initial sales.


     

    first published: May 15, 2013 03:35 pm

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