Himachal and 8 other states sell Rs 77.4 billion of 10 year debt

Shimla: Himachal was one of the nine states that raised a total of Rs 77.4 billions by way of sale of 10 years bonds, a Reserve Bank of India communiqué stated.

However, the bond sale fell short of target as it was planned to raise Rs 82 billion.

Whereas Himachal Pradesh, Kerala, Rajasthan and Tamil Nadu borrowed at a cut-off yield of Rs 8.85 %, Gujarat sold the debt at 8.88%, Bihar and Maharashtra at 8.89% and Andhra Pradesh and Uttar Pradesh at 8.90 percent, according to the statement.

Facebook Notice for EU! You need to login to view and post FB Comments!

As Editor, Ravinder Makhaik leads a team of media professionals at Hill Post. Spanning a career of over two decades in mass communication, as a Documentary Filmmaker, TV journalist, Print Media journalist and with Online & Social Media, he brings with him a vast experience. He lives in Shimla.

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.