Rs. 150 bln raised via debt auction: RBI

India sold 150 billion rupees ($2.7 billion) worth of bonds on Friday with the Reserve Bank of India setting a cut-off price of Rs. 101.33 and yield of 7.8826% on the 8.12%, 2020 bonds.

India sold 150 billion rupees ($2.7 billion) worth of bonds on Friday with the Reserve Bank of India setting a cut-off price of Rs. 101.33 and yield of 7.8826% on the 8.12%, 2020 bonds.

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The cut-off yield was higher than the Reuters poll forecast of 7.8791%.

For the 8.33% 2026 bonds, the RBI set a cut-off price of 102.15 rupees, yielding 8.0605%, lower than the poll forecast of 8.0617%.

The cut-off price for the 8.32% 2032 bonds was 100.95 rupees, yielding 8.2190%, the RBI said, lower than the poll forecast of 8.2434%.

For the 8.30% 2042 bonds, the RBI set a cut-off price of 100.80 rupees, yielding 8.2257%, lower than the poll forecast of 8.2325%.
($1 = 54.8 rupees)