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Government's 50-year bond debut sees 4x demand
The Indian government has introduced a 50-year bond worth Rs 10,000 crore for the first time, which saw strong demand. The auction by the RBI received bids worth Rs 40,200 crore from 216 bids. The cut off yield for the bonds was 7.46% per annum. The government had previously announced plans to introduce 50-year gilts in response to demand from insurance companies. Additionally, the government will also introduce sovereign green bonds in its weekly auctions.
The Indian government has introduced a 50-year bond worth Rs 10,000 crore for the first time, which saw strong demand. The auction by the RBI received bids worth Rs 40,200 crore from 216 bids. The cut off yield for the bonds was 7.46% per annum. The government had previously announced plans to introduce 50-year gilts in response to demand from insurance companies. Additionally, the government will also introduce sovereign green bonds in its weekly auctions. 
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