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Auction of IIBs would be yield based or price based?

By IndianMoney , 1 month ago

1. As is the case with fixed-rate conventional bonds, IIBs could be issued through yield based auction and then subsequent reissues will be by price based auction. 2. Investors would be required to bid for real yield in case of IIBs as against nominal yield in case of fixed rate G-Sec.

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