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Development loans: Six States to raise Rs 839 crore

Our Bureau

Mumbai , Sept. 22

SIX State governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs 839.42 crore through a yield-based auction using multiple price auction method, RBI said in a press release.

The States are: Assam - Rs 208.83 crore; Jharkhand - Rs 117.81 crore; Kerala - Rs 145.81 crore; Maharashtra - Rs 290 crore; Manipur - Rs 36.95 crore; and Tripura - Rs 40 crore.

The auction will be held on September 27.

Successful bidders will have to make payment on September 28.

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