RBI Announces 8.34% Rate for GOI Floating Rate Bond 2033
The Reserve Bank of India (RBI) has announced that the interest rate on the Government of India Floating Rate Bond 2033 (GOI FRB 2033) for the period from March 22, 2024, to September 21, 2024, will be 8.34% per annum. This bond has a floating interest rate mechanism, where the coupon rate is determined based on the Weighted Average Yield (WAY) of the last three auctions of 182-Day Treasury Bills, plus a fixed spread of 1.22%.
| Summary/Static | Details |
| Why in the news? | RBI Announces 8.34% Rate for GOI Floating Rate Bond 2033 |
| Bond Name | GOI Floating Rate Bond 2033 |
| Interest Rate | 8.34% per annum |
| Applicable Period | March 22, 2024 – Sep 21, 2024 |
| Rate Calculation | Basis Average WAY of last 3 auctions of 182-Day T-Bills + 1.22% |
| Fixed Spread | 1.22% |
| Reset Frequency | Every six months |
| Issuer | Government of India |
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