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?Solution
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.
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