India Finance Ministry Sells 150 Billion Rupees of Bonds
India’s finance ministry raised 150 billion rupees selling bonds maturing in 2017, 2022, 2027 and 2040, the central bank said. Primary dealers bought 1.49 billion rupees of the 2017 notes.
The nation sold 40 billion rupees of 7.99 percent bonds due 2017 at a yield of 8.9195 percent, the Reserve Bank of India said in an e-mailed statement today. It auctioned 60 billion rupees of 8.13 percent note due 2022 at 8.9505 percent. It also sold 20 billion rupees of 8.28 percent bonds due 2027 at 8.9799 percent and 30 billion rupees of the 8.30 percent note due 2040 at 8.9787 percent.
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