Question

What is the maturity period of the bond scheduled to be auctioned for Rs 10,000 crore in the week of October 30 - November 3, 2023?

Q: Answer-What is the maturity period of the bond scheduled to be auctioned for Rs 10,000 crore in the week of...

So far, the Government of India has been issuing bonds with maturity of up to 40 years. For the first time, a bond with a maturity of 50 years will be issued. The security is scheduled to be auctioned for Rs 10,000 crore in the week of October 30 - November 3, 2023. The indicative yield will be announced later. Two more auctions of 50-year tenure bonds will also be announced at later dates for the second half of the FY2024.