The Hindu Business Line : Kerala to raise Rs 422.92 cr

THIRUVANANTHAPURAM: The State Government is planning to approach the market for raising developmental loans of Rs 422.92 crore. The sale of issue will take place at the Thiruvananthapuram and Mumbai offices of the Reserve Bank of India on May 17, an official spokesman said here.

Interest on the 10-year paper will be payable at 7.77 per cent in every six months in May and November. The paper can be redeemed on May 19, 1015. Further details and application form can be downloaded at www.kerala.gov.in and www.prd.kerala.gov.in.

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