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Thursday, Jul 29, 2004

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Money & Banking - Govt Bonds


6 State loans closed

Our Bureau

MUMBAI: In the 91-day treasury bill auction, 34 bids were accepted at a weighted average price of Rs 98.89 for the amount of Rs 2,000 crore. The bids received were 52 in number, worth Rs 5,665.10 crore.

The sale `on tap' of 6.35 per cent nine years State Development Loans, 2013 (Second Series) closed on Wednesday for six States - Andhra Pradesh, Haryana, Himachal Pradesh, Karnataka, Kerala, and Tamil Nadu on receipt of the respective target amountsThe sale on tap in respect of loans for the remaining thirteen States - will be kept open on Thursday to collect the balance target amount.

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