MUMBAI : Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years.
The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74 per cent-7.77 per cent band, according to a Reuters poll of 14 traders.
Note Quantum (in bln Median Min Max
8-year 40 7.71 per cent 7.67 per cent 7.75 per cent
10-year 66 7.74 per cent-7.77 per cent 7.72 per cent 7.80 per cent
12 year-25 year 89 7.78 per cent-7.82 per cent 7.75 per cent 7.90 per cent
($1 = 81.7650 Indian rupees)