The Hindu Business Line : Govt issues oil bonds worth Rs 5,762.8 cr

According to an RBI release, the bonds have been issued for liquidating outstanding claims of oil companies aggregating Rs 5,762.85 crore, against the Oil Pool Account.

The bonds were issued at par.

The investment in the bonds will not be reckoned as an eligible investment for the purpose of statutory liquidity ratio (SLR).

The bonds are transferable and eligible for market ready forward transactions (Repo).

The bonds, however, will not be an eligible underlying security for ready forward transactions (Repo/Reverse Repo) with the RBI.

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