A sovereign floating-rate bond links its coupon to the implicit yields of 182-day Treasury Bills with a fixed spread. For the Government of India Floating Rate Bond (GOI FRB 2033), what was the announced coupon rate applicable for the semi-annual period of September 2025 to March 2026?

In a step to enhance retail investor participation in government securities, RBI introduced a facility for non-competitive bidding (NCB) in Treasury Bills (T-Bills) and dated securities. Under the framework, what is the maximum allocation permitted to the non-competitive segment in primary issuances of dated securities?

Consider the following statements regarding the interest rate determination on the Government of India Floating Rate Bond 2033 (GOI FRB 2033): 1. The coupon rate is reset semi-annually based on a variable base rate plus a fixed spread. 2. The base rate is determined by the implicit yield calculated from the periodic auctions of 182-day Treasury Bills. Which of the statements given above is/are correct?