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Thiruvananthapuram, Feb. 19

The Kerala Government is issuing bonds for an aggregate amount of Rs 300 crore for financing the developmental activities in the State. The bonds will be sold through auction at the Mumbai office of the Reserve Bank of India on February 22. They will have a tenure of 10 years and will be repaid at par on February 23, 2017. The coupon rate will be determined by the RBI at the yield-based auction under multiple price format. The interest will be paid every half year on August 23 and February 23.

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