MUMBAI (Reuters) – The Reserve Bank of India will likely set cutoff yield for 10-year state development bonds being auctioned on Monday between 7.62% and 7.65%, according to the median in a Reuters poll of 10 traders.
Six Indian states aim to raise an aggregate 140 billion Indian rupees ($1.75 billion) through the sale of bonds maturing in the range of eight years to 20 years.
Bond Quantum (in bln Median Min Max
rupees)
8-year 5 7.56% 7.50% 7.57%
10-year 40 7.62%-7.65% 7.60% 7.66%
12-year 20 7.68% 7.66% 7.70%
15-20 year 75 7.71%-7.75% 7.68% 7.82%
($1 = 80.0400 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Krishna Chandra Eluri)
