India announced its intent to issue 50-year bonds, a first-time ultra-long maturity debt designed to meet the rising demand for insurance and pension funds. This addition would expand India’s yield curve, joining the existing 30-year and 40-year tenor debt instruments. This initiative resonated with the growing influence of the nation’s burgeoning life insurance and pension fund sectors. These sectors, driven by a rising middle class, had reshaped India’s USD 1 tln sovereign debt market.