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Operation Switch Details

INDIA

The RBI has proposed a switch operation, the bank will seek to switch INR 150bn of shorter dated government debt into longer term bonds at an auction March 15.

    • Details:
      • INR 20bn of 7.80% 2021 bond into FRB 2033
      • INR 20bn of 7.94% 2021 bond into FRB 2033
      • INR 20bn of 6.17% 2021 bond into 6.68% 2031
      • INR 20bn of 8.79% 2021 bond into 6.68% 2031
      • INR 30bn of 5.87% 2022 bond into 6.76% 2061
      • INR 20bn of 7.16% 2023 bond into 6.76% 2061
      • INR 20bn of 8.83% 2023 bond into 6.76% 2061

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