Financial Daily from THE HINDU group of publications
Wednesday, May 18, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 18, 2005 |
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Money & Banking
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Govt Bonds On-tap sale of State loans closed Our Bureau
Mumbai , May 17 THE on-tap sale of 7.77 per cent 10-year State Development Loan, 2015 for 25 States closed today after the target amounts were received. The 25 States are Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttaranchal, and West Bengal. "Amounts of allotment in respect of these States are being advised to the investors concerned," said the Reserve Bank of India (RBI) in a release. The on-tap sale of State loans for Uttar Pradesh will be kept open on May 18 to collect the remaining target amount. Investors will have to make payments by May 19 for subscriptions received or allotted on May 17 and May 18.
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