Financial Daily from THE HINDU group of publications
Tuesday, Jan 11, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 11, 2005 |
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Money & Banking
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Govt Bonds Kerala to raise development loan of Rs 189 cr Our Bureau
Thiruvananthapuram , Jan. 10 THE Kerala Government is raising development loan to the tune of Rs 189 crore for a 10-year tenure. The loan, carrying an interest rate of 7.02 per cent, will be utilised for financing the development activities of the State as also for the debt swap of the Government. The loan will be sold through Reserve Bank of India, Thiruvananthapuram and Mumbai, and it will be on tap during the banking hours from January 11, according to an official statement. The interest will be paid half-yearly on July 13 and January 13 each year during the tenure of the loan. The repayment will be made at par on January 13, 2015. The minimum amount of loan subscription is Rs 10,000 and its multiples.
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