Indian cenbank likely to set underwriting fee in 0.05-0.10 paisa band
MUMBAI, Nov 29 (Reuters) -The Indian government aims to raise at least 300 billion rupees ($3.55 billion) through the sale of bonds on Friday.
The Reserve Bank of India will likely set an underwriting commission for these notes in the 0.05 paisa to 0.10 paisa range, according to a Reuters poll of nine traders.
Note | Quantum (in bln rupees) | Median | Min | Max |
7.02% 2031 | 100 | 0.05 paisa | 0.03 paisa | 0.08 paisa |
New 10-year green | 50 | 0.08 paisa | 0.06 paisa | 0.12 paisa |
7.34% 2064 | 150 | 0.10 paisa | 0.07 paisa | 0.14 paisa |
($1 = 84.4920 Indian rupees)
Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
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