Zero Coupon Bonds: An Innovative Government Tool to Fund PSBs and Control the Deficit – The Indian Express
Zero Coupon Bonds: An Innovative Government Tool to Fund PSBs and Control the Deficit – The Indian Express
The government used financial innovation to recapitalize Punjab & Sind Bank by issuing the lender Rs 5,500 crore in interest-free bonds valued at par. The funds raised through the issuance of these instruments, which are a variant of the recapitalization bonds issued earlier to public sector banks, are being rolled out to capitalize the state […]
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