Financial Daily from THE HINDU group of publications
Friday, Sep 09, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 09, 2005 |
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Money & Banking
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Govt Bonds 11 States to raise Rs 2,900 crore Our Bureau
Mumbai , Sept. 8 THE Reserve Bank of India announced that 11 State Governments would raise loans amounting to around Rs 2,900 crore by selling 7.53 per cent 10-year State Development Loan 2015, by way of on-tap sale under the normal market borrowing programme, said a press release. The States that will raise the loans are Arunachal Pradesh, Haryana, Himachal Pradesh, Jammu and Kashmir, Madhya Pradesh, Meghalaya, Mizoram, Nagaland, Sikkim, Uttar Pradesh and West Bengal. The auction will be held on September 13. Successful bidders will have to make the payment on September 15.
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