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RBI Issues Uniform Price Auction Method For Bonds

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The Reserve Bank of India has said that the benchmark government securities (g-sec) of various tenor and floating rate bonds (FRBs) will be issued using the uniform price auction method.

 

"On a review of market conditions and market borrowing program of the government, it has been decided that benchmark securities of tenor 2-year, 3-year, 5-year, 10-year, 14-year tenor and Floating Rate Bonds (FRBs) will be, henceforth, issued using uniform price auction method. For other benchmark securities i.e. 30-year and 40-year, the auction will continue to be multiple price-based auction, as hitherto," the RBI said in a release.

RBI Issues Uniform Price Auction Method For Bonds

Read more about: rbi
Story first published: Saturday, July 3, 2021, 10:29 [IST]
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