New Issue: Reserve Bank of India Rs. 60 billion bonds due 2019 yield 6.9%

By Richard Connell

New York, July 10 - The Reserve Bank of India sold Rs. 60 billion of new government bonds due 2019 at auction on Friday to yield 6.9%.

Of the 266 competitive bids totaling Rs. 147.94 billion received, 102 bids were accepted for Rs. 59.835 billion. Also, six non-competitive bids were received and accepted for Rs. 165 million.

Issuer:	Reserve Bank of India
Issue:	Government bonds
Amount:	Rs. 60 billion
Maturity:	2019
Yield:	6.9%
Auction date:	July 10

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