Govt plans to sell 50-year bond to cater to growing demand

India plans to sell 50-year bonds for the first time to meet the growing demand from insurance and pension funds. This move is aimed at extending the nation's yield curve and reducing the government's reliance on bank purchases to fund its record borrowings. The sale reflects the increasing influence of life insurers and pension funds in India's sovereign debt market. https://ift.tt/0gIoibU