Bloomberg News

India’s Government May Auction 2018 Bonds at 8.80%, Survey Shows

October 14, 2011

Oct. 14 (Bloomberg) -- India will sell 40 billion rupees ($815 million) of 7.83 percent bonds maturing in 2018 at a yield of 8.80 percent at an auction today, according to the median forecast in a Bloomberg News survey.

The government will also auction 60 billion rupees of 7.80 percent notes due 2021 at 8.80 percent and 30 billion rupees of 8.26 percent debt maturing in 2027 at 8.99 percent, according to the five banks and securities companies surveyed.

The Reserve Bank of India, which will hold the auction, may release the results by 3 p.m. in Mumbai.

--Editor: Anil Varma

To contact the reporter on this story: V. Ramakrishnan in Mumbai at

To contact the editor responsible for this story: Sandy Hendry at

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