Financial Daily from THE HINDU group of publications
Saturday, Jul 24, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 24, 2004 |
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Money & Banking
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Corporate Bonds Govt announces 6.1 pc UTI bonds for Rs 362 crore Our Bureau
New Delhi , July 23 THE Government on Friday announced the issue of 6.1 per cent UTI Bonds, 2011 for a notified amount of Rs 362 crore. An official statement said that the UTI Bonds will be issued at par on July 23 to the Administrator of Specified Undertakings of UTI for meeting their liabilities arising on account of shortfall in assured return schemes. The investment in the UTI Bonds will not be reckoned as an eligible investment for purpose of Statutory Liquidity Ratio (SLR), the statement adds. The UTI Bonds will be transferable and eligible for market ready forward transaction (repo). The bonds, however, will not be an eligible underlying security for ready forward transactions (repo/reverse repo) with the Reserve Bank of India.
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