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Date : Oct 03, 2022
RBI announces rate of interest on Government of India Floating Rate Bond 2028

The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2022 to April 03, 2023 shall be 7.01 per cent per annum.

It may be recalled that FRB 2028 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2022) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).

Rupambara           
Director (Communications)

Press Release: 2022-2023/983


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