India will sell 130 billion rupees ($1.44 billion) worth of its new 50-year bond in an auction this week, the country’s central bank said on Monday.
India first announced a 50-year bond in 2023, in response to market demand for longer duration securities, before which it had issued bonds with a tenure of up to 40 years.
The new government security that matures on January 19, 2076 is India’s third issuance of a new 50-year paper. The government last issued a new 50-year paper in 2024.
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