MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 125 billion rupees ($1.50 billion) on Monday through the sale of bond maturing in 10 years to 30 years.
The Reserve Bank of India will likely set cut-off yields for the 10-year bonds in the 7.69%-7.72% band, according to a Reuters poll of 11 traders.
Note Quantum (in bln Median Min Max
rupees)
10-11 year 66 7.69% – 7.72% 7.68% 7.73%
12-19 year 48 7.70% – 7.74% 7.65% 7.75%
30 year 11 7.61% 7.60% 7.62%
($1 = 83.2780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D’Souza)
