Financial Daily from THE HINDU group of publications
Friday, Jun 10, 2005
Financial Daily from THE HINDU group of publications Friday, Jun 10, 2005 |
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Money & Banking
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Govt Bonds State loan auctions Our Bureau
Mumbai , June 9 THE Reserve Bank of India has announced that 11 State Governments would raise loans amounting to Rs 2,481.15 crore, by selling 10-year State Development Loans, through a yield-based auction using multiple price auction method. The States that will raise the loans are Arunachal Pradesh, Andhra Pradesh, Assam, Bihar, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Manipur, Tamil Nadu and West Bangal, said the RBI press release. Of these, Andhra Pradesh, West Bengal and Mahrashtra will raise over Rs 400 crore each. The auction will be held on June 14. Bids should be submitted by 12.00 noon. Successful bidders will have to make payments by June 15.
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