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Inflation-indexed bonds subscribed fully in RBI auction
Published on June 4, 2013
Institutional investors fully subscribed the first tranche of inflation indexed bonds (IIBs) worth Rs 1,000 crore 
auctioned by the Reserve Bank of India on Tuesday.
The central bank set a real yield at 1.44 percent for those 10-year government securities maturing in 2023.
With a real yield at 1.44 percent, the coupon rate will be a jot above 8 percent. Those bonds are linked to the wholesale price index (WPI) based calculations.
RBI had earlier mentioned that the monthly final WPI would be used with a lag of four months. Hence, this auction was connected to January WPI at 6.62 percent. Hence, the effective interest rate would be at 8.06 percent.
