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.

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