MUMBAI (Reuters) – Indian states will aim to raise an aggregate of 207.37 billion rupees ($2.51 billion) on Tuesday through the sale of bonds maturing between seven years and 30 years.
The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.69%-7.71% band, according to a Reuters poll of 14 traders.
Note Quantum (in bln Median Min Max
rupees)
7-year 20 7.66%-7.68% 7.58% 7.68%
9-10 year 90 7.69%-7.71% 7.63% 7.73%
15-30 year 97.37 7.61%-7.65% 7.57% 7.67%
($1 = 82.7760 Indian rupees)
(Reporting by Dharamraj Dhutia and Veronica Khongwir; Editing by Savio D’Souza)
