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50-Year Bond
October 21 , 2023
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- India's government had maintained its plans to borrow 6.55 trillion rupees ($78.72 billion) through bond issues.
- For this it has introduced a new security with a 50-year maturity.
- India has projected gross market borrowing at 15.43 trillion rupees for the current fiscal year.
- The borrowing will be done through bonds with maturities of three, five, seven, 10, 14, 30 and 40 years.
- India plans to raise 300 billion rupees through the newly introduced 50-year bond.
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