India cbank partially devolves 2023 bonds at auction-traders

June 12, 2015 9:22 AM

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MUMBAI, June 12 The Reserve Bank of India devolved 12.66 billion rupees ($197.32 million) of the 30 billion rupees being sold in 7.68 percent 2023 bonds on Friday, setting a cut-off price of 97.45 rupees, according to traders familiar with the results.

For other tranches, the central bank set a cut-off price of 97.93 rupees for 7.88 percent 2030 bonds and of 97.35 rupees for 7.95 percent 2032 bonds, these traders said.

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