The rate of interest on Government of India Floating Rate Bonds, 2033 (GOI FRB 2033) applicable for the half year September 22, 2020 to March 21, 2021 shall be 4.70 percent per annum.

It may be recalled that FRB, 2033 will carry a coupon, which will have a Base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day i.e. September 22, 2020) of 182 Day T-Bills, plus a fixed spread (1.22%).

Ajit Prasad
Director   

Press Release: 2020-2021/364