The Indian Government's debt refinancing risk over the next five years is low since the amount of domestic debt that needs to be repaid each year is, on average, 5.3% of its outstanding debt. Tuesday a report. ]
Refinancing risks will be further mitigated by the redemption or exchange of short-term bonds with longer land titles by the government in the market, says quarterly report on debt management . "The implementation of the repurchase / budgeted changes in the coming period should further reduce the risk of refinancing," said the Ministry of Finance.
India bought back 170.16 billion rupees of bonds maturing in 2017/18 and sold 2024/25 and 2029/30 papers in its place to a bank in June, according to one of its switches, says the report.