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India to switch bonds worth 250 billion rupees next week

On November 16, the Reserve Bank of India will initiate a significant switch auction worth 250 billion rupees. This maneuver involves replacing six bonds that are set to mature between 2027 and 2029 with longer-term securities extending to maturity in 2062. By doing so, the government seeks to optimize its debt repayment schedule. This follows a similar strategy of bond buyback and issuance enacted in October.

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Economic TimesLean R·2h ago
India to switch bonds worth 250 billion rupees next week
On November 16, the Reserve Bank of India will initiate a significant switch auction worth 250 billion rupees. This maneuver involves replacing six bonds that are set to mature between 2027 and 2029 with longer-term securities extending to maturity in 2062. By doing so, the government seeks to optimize its debt repayment schedule. This follows a similar strategy of bond buyback and issuance enacted in October.
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India to switch bonds worth 250 billion rupees next week

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