RBI said its proposed 100 billion rupees ($2 billion) buyback of bonds on Wednesday would include five securities.
The securities are: 7.38 percent 2015 bond; 8.24 percent 2018 bond; 7.94 percent 2021 bond; 8.24 percent 2027 bond and 8.33 percent bond maturing in 2036, it said in a statement late on Monday.
There will be no security-wise notified amount and it may purchase higher than the total notified amount due to rounding effects.
The buybacks, which have totalled 366 billion rupees since they started in February, are aimed to bring down rising yields and revive investor appetite.
Source:-Economic Times(24-Mar-09)
The securities are: 7.38 percent 2015 bond; 8.24 percent 2018 bond; 7.94 percent 2021 bond; 8.24 percent 2027 bond and 8.33 percent bond maturing in 2036, it said in a statement late on Monday.
There will be no security-wise notified amount and it may purchase higher than the total notified amount due to rounding effects.
The buybacks, which have totalled 366 billion rupees since they started in February, are aimed to bring down rising yields and revive investor appetite.
Source:-Economic Times(24-Mar-09)
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