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Wednesday, May 07, 2003
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On-tap sale of development loans

Our Bureau

MUMBAI, May 6

ALL governments except Chhattisgarh are to have an on-tap sale of State development loans on May 12.

The loans will have a coupon rate of 6.40 per cent and a maturity of 10 years with a target amount of Rs 6,747 crore with an option to retain excess subscription of up to 30 per cent, said an RBI press release.

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