Mumbai, Jan. 20 -- State governments raised an aggregate Rs 13,000 crore at the latest yield- and price-based auction of State Government Securities held on January 20, with the entire notified amount accepted across all participating states, data released by the Reserve Bank of India showed.
Assam raised Rs 1,000 crore through a 20-year bond at a cut-off yield of 7.62%, while Jammu and Kashmir mobilised Rs 500 crore via a 15-year security at the same yield.
Karnataka emerged as the largest borrower, raising Rs 6,000 crore across three tranches. This included a re-issue of the 7.25% Karnataka SGS 2032 at a cut-off price of 100.21, implying a yield of 7.2084%, a 7.5-year paper at 7.32%, and an 11.5-year paper at 7.54%.
Odisha raised Rs ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.