Indian state governments to auction Rs. 18.5 billion of development loans on Monday

New York, March 22 - Nine state governments in India will auction Rs. 18.51 billion of 10-year state development loans on Monday.

The Reserve Bank of India will handle the auction, which will use the multiple price method.

Included in the auction will be Rs. 1 billion from Assam, Rs. 750 million from Jammu & Kashmir, Rs. 850 million from Manipur, Rs. 500 million from Meghalaya, Rs. 500 million from Mizoram, Rs. 450 million from Nagaland, Rs. 5.8 billion from Punjab, Rs. $6.4 billion from Tamilnadu and Rs. 2.3 billion from Uttaranchal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.