Informative

Rate of interest on Government of India Floating Rate Bond 2031

Update / Judgement Date

05 Jun 2024

Source

RBI

Author

Team — WCP Legal Desk

Reading Time

1 min read

RBI

The Government of India Floating Rate Bond 2031 (FRB 2031) will have a rate of interest of 7.98% per annum for the period from June 07, 2024, to December 06, 2024. The bond's coupon rate is determined by the average of the Weighted Average Yield of the last three auctions of 182 Day T-Bills, plus a fixed spread of one percent.

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Rate of interest on Government of India Floating Rate Bond 2031

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