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Govt says debt rollover risk will be low in next 5 years

The central bank's holding of sovereign debt also went up to 14.7% of the total stock as of March 2017

Reuters  |  Mumbai 

The government's debt rollover risk in the next five years is low given the amount of domestic debt that needs to be repaid every year is an average of 5.3 per cent of its outstanding stock, it said in a report on Tuesday. The rollover risks will get further mitigated through buyback or switching of short-end bonds with longer tenure papers by the government in the market, it said in its quarterly debt management report. "The implementation of budgeted buyback/switches in coming period is expected to reduce rollover risk further," the finance ministry said. The ...

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First Published: Tue, December 05 2017. 15:19 IST