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India to sell 120 bln rupees of bonds on Feb 15-cbank

Source : REUTERS
Last Updated: Mon, Feb 11, 2013 12:30 hrs

MUMBAI, Feb 11 (Reuters) - India will sell 120 billion rupees ($2.2 billion) of bonds on Feb. 15, the Reserve Bank of India (RBI) said in a statement on Monday.

The RBI will sell 60 billion rupees of 8.20 percent 2025 bonds. The auctions will be conducted using the multiple price method, the central bank said.

The RBI will also sell 30 billion rupees each of 8.12 percent 2020 bonds and 8.30 percent 2042 bonds.

($1=53.8 rupees) (Reporting by Shamik Paul; Editing by Sunil Nair)



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