Thursday, October 14, 2021

RBI tells SBI to bid aggressively at next switch auction; redemptions need to be brought down

On October 18th, the government is scheduled to switch two short-term bonds – the 5.09 per cent, 2022 paper and the 8.08 per cent, 2022 paper (maturing in April 13th 2022 and August 2nd, 2022) with three longer-term floating rate bonds – the FRB 2028 bond, the FRB, 2031 bond and the FRB 2034 bond.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-tells-sbi-to-bid-aggressively-at-next-switch-auction/articleshow/87028003.cms

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