Reserve Bank of India (RBI) Sets Underwriting For Bond Auctions
Posted on Wed Nov 07, 2007 at 11:23:34 PM EST
The Reserve Bank of India (RBI) said on Wednesday it would pay primary dealers up to 0.0144 rupee per 100 rupees to underwrite the 8.20 per cent bonds maturing in 2022.
The government plans to raise Rs 5000 crore from the 2022 bond sale.
The central bank also said it would pay primary dealers up to 0.011 rupee per 100 rupees to underwrite the Rs 3000 of the 8.33 per cent 2036 bond.
Source:The Economic Times,8th Nov,2007
By pardeepCA, Section Banking & RBI
Posted on Wed Nov 07, 2007 at 11:23:34 PM EST
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