India Expands STRIPS for State Bonds

  Published 1 year ago

India's RBI introduces STRIPS for state bonds with 14-year maturity and 10B rupees, boosting liquidity by trading principal and interest separately, effective immediately.

  • Eligible bonds must have 14-year maturity and 10B rupees outstanding.
  • STRIPS enable separate trading of principal and interest payments.
  • Policy aligns with central government rules after market consultations.

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