BONDS TO THE RES­CUE

Business Standard - - FRONT PAGE -

The gov­ern­ment, the RBI, and banks are in the fi­nal stages of dis­cus­sion on bank re­cap­i­tal­i­sa­tion bonds

LIKELY DATE OF IS­SUE:

De­cem­ber first week

SIZE, RE­CIP­I­ENT BANKS:

To be fi­nalised

MA­TU­RITY:

10 years*

IN­TER­EST RATES:

Com­pa­ra­ble to G-sec coupons

ON THE CARDS:

More clean-up of banks’ books needed be­fore bonds are is­sued

Weaker banks might get funds only for pro­vi­sion­ing *Dif­fer­ent ma­tu­rity pe­ri­ods are likely for dif­fer­ent tranches

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