Financial Daily from THE HINDU group of publications
Friday, Dec 03, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 03, 2004 |
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Money & Banking
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Govt Bonds On-tap sale of State loans next week Our Bureau
Mumbai , Dec. 2 THE Reserve Bank of India has said that 23 States have offered to sell 7.32 per cent State Development Loan, 2014 having maturity of 10 years aggregating about Rs 4,000 crore on December 8, by way of tap sale under the normal market borrowing programme. The States which are not participating in the tap sale are Kerala, Manipur, Meghalaya, Punjab and Tamil Nadu. The sale for all the 23 States will be held at the respective regional offices of the RBI and at Mumbai, said a press release. The RBI reserves the right to close the sale during banking hours on or after December 8, having regard to the requirements of the State Governments and the subscriptions received. The date of payment will be December 10, the release said.
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