MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 161 billion rupees ($1.93 billion) on Tuesday through a sale of bonds maturing in six years to 20 years.
The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.42%-7.44% band, according to a Reuters poll of 11 traders.
Note Quantum (in bln Median Min Max
rupees)
6-year 5 7.39% 7.37% 7.41%
8-10 year 26 7.42%-7.44% 7.40% 7.46%
12-20 year 130 7.40%-7.43% 7.38% 7.46%
($1 = 83.3610 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
