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

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,