https://www.taxtmi.com/news?id=12674 The annual coupon for Floating Rate Bonds, 2016 is determined by applying the auction mark-up to the variable base rate, defined as the average of implicit yields at cut-off prices from the three most recent Government of India 364-day Treasury Bill auctions prior to the coupon reset date. For the relevant reset the average base rate was 8.94 per cent and the auction mark-up was +0.04, resulting in a coupon of 8.98 per cent per annum for May 7, 2014 to May 6, 2015. en-us Mon, 05 May 2014 13:30:50 +0530 Mon, 05 May 2014 13:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12674 The annual coupon for Floating Rate Bonds, 2016 is determined by applying the auction mark-up to the variable base rate, defined as the average of implicit yields at cut-off prices from the three most recent Government of India 364-day Treasury Bill auctions prior to the coupon reset date. For the relevant reset the average base rate was 8.94 per cent and the auction mark-up was +0.04, resulting in a coupon of 8.98 per cent per annum for May 7, 2014 to May 6, 2015. News - Mon, 05 May 2014 13:30:50 +0530 https://www.taxtmi.com/news?id=12674