The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on November 3, 2023, according to the Reserve Bank of India.
Insurers in India are lining up to grab a share of the nation’s debut 50-year bond offering, highlighting the growing heft of long-term investors in the nation’s $1 trillion debt market.
The yield on the 50-year note is likely to be close to its 40-year counterpart, which was sold at about 7.54 per cent last week.
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| source: bloomberg |
The longer-dated bonds, like 30- and 40-year papers, have been the most well-received segment in the whole yield curve in the auctions so far.
