India says debt rollover risk in next five years low

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.

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