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RBI issues another marquee 10-year bond, making it third this calendar

The repeated issue of such bonds takes away some of its value in the eyes of investors, say experts

Illustration: Ajay Mohanty
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New bonds are issued after a particular volume is reached as it helps avoid bunched up redemption payment at the time of maturity | Illustration: Ajay Mohanty

Anup Roy Mumbai
The Reserve Bank of India (RBI) and the government have once again introduced a new 10-year benchmark bond as the old one crossed Rs 1 trillion in outstanding. This is the third benchmark 10-year bond in this calendar, indicating the sheer volume of bonds getting issued by the government.
 
New bonds are issued after a particular volume is reached as it helps avoid bunched up redemption payment at the time of maturity.
 
The 10-year bond is the most marquee bond in the market. The repeated issue of such bonds takes away some of its value in the eyes of investors,

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First Published: Nov 28 2020 | 1:21 AM IST

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