MUMBAI (Reuters) – Indian states will look to raise an aggregate of 289.58 billion rupees ($3.54 billion) on Monday through a sale bonds maturing in two to 30 years.
The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.68%-7.71% band, according to a Reuters poll of 14 traders.
Note Quantum (in bln Median Min Max
rupees)
2-year 10 7.53% 7.50% 7.55%
6-8 year 29.58 7.64%-7.67% 7.58% 7.70%
10-11 year 55 7.68%-7.71% 7.65% 7.74%
12-30 year 195 7.60%-7.68% 7.58% 7.75%
($1 = 81.7775 Indian rupees)
(Reporting by Dharamraj Dhutia and Madhumita Gokhale;Editing by Dhanya Ann Thoppil)
