16 states to raise ₹38,054 crore via bond sale on Tuesday: RBI – CNBC TV18

16 states to raise ₹38,054 crore via bond sale on Tuesday: RBI – CNBC TV18

[ad_1]

The Reserve Bank of India (RBI) announced on Friday, February 21, that 16 states are set to raise 38,054 crore through bond sales scheduled for Tuesday. The auction will be conducted between 10:30-11:30 AM IST, with successful bidders required to complete payments on Thursday, as money markets will remain closed on Wednesday for Mahashivratri.

Company Value Change %Change

According to the indicative borrowing calendar for the January-March quarter, states had initially planned to raise 49,907 crore on Tuesday. However, the actual amount being mobilised is lower than projected.

The following states will participate in the bond issuance, along with their respective borrowing amounts and tenures:

State Amount (INR crore) Tenure (years)
Andhra Pradesh 1,000 11
Assam 900 15
950 20
Bihar 1,546 12
Chhattisgarh 2,000 9
1,000 10
Gujarat 1,000 5
Haryana 2,000 13
Karnataka 2,000 7.5
2,000 12.5
Kerala 1,920 17
Maharashtra 1,500 12
1,500 13
1,000 14
1,000 15
Manipur 250 15
Punjab 1,000

Re-issue of 7.19%, 2045 bond

Rajasthan 1,000 10
1,000 17
1,250

Re-issue of 7.61%, 2032 bond

1,250

Re-issue of 7.45%, 2040 bond

Sikkim 488 10
Tamil Nadu 2,000 8
1,000 11.5
2,000 30
Uttar Pradesh 3,000 15
West Bengal 2,500

Re-issue of 7.17%, 2042 bond

ALSO READ: RBI pushes for fairer lending: Prepayment penalties on floating rate loans could be scrapped

[ad_2]

Source link

Back To Top
Translate »