India New 10-Year Bond Coupon Expected Above 7 Percent
India will issue a new 10-year bond on Friday with a coupon expected above 7 percent. Analysts cite inflation risks and high oil prices for the rising costs.
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India will sell 340 billion rupees ($3.57 billion) of a new 10-year bond on Friday with an expected coupon above 7%. It marks the first time in two years that the 10-year issuance costs have crossed this threshold. Higher funding costs reflect persistent inflation risks and global market pressures impacting the sovereign debt market.
