Economy
Government’s Floating Rate Bond 2033 coupon fixed at 6.87%
The government has set FRB 2033’s interest rate at 6.87% annually for the next six-month period.
What happened
The Government of India set the interest rate on Floating Rate Bond 2033 at 6.87% per annum for September 22, 2026, to March 21, 2027. The coupon combines average 182-day Treasury bill yields with a fixed 1.22% spread.
Why it matters
Bondholders will receive interest at a 6.87% annualised rate during this half-year period. The rate reflects recent 182-day Treasury bill auction yields, plus the bond’s fixed 1.22% spread.
Source: RBI