New Delhi, Mar 25: The government issued 6.2% Government of India UTI bonds, 2010, worth 3.28 billion rupees to the Administrator of the Specific Undertaking of UTI (UTI-I). The bond has been issued to meet UTI-I's liabilities on account of shortfall in assured return schemes, the finance ministry said in a statement. The investment in the UTI bonds will not be considered an eligible investment for the purpose of statutory liquidity ratio, the statement said.
The UTI bonds will be transferable and eligible for market ready forward transactions, the statement said.
The bonds, however, will not be an eligible underlying security for ready forward transactions with the Reserve Bank of India.
Bureau Report