Date:06/01/2005 URL: http://www.thehindubusinessline.com/2005/01/06/stories/2005010601560600.htm

Back On-tap sale of 20 State Govt bonds on Jan 11

Our Bureau

Mumbai , Jan. 5

THE Reserve Bank of India has said that 20 State Governments have offered to sell 7.02 per cent State Development Loan, 2015 having maturity of 10 years for an amount of Rs 6,000 crore on January 11 by way of tap sale under the normal market borrowing programme.

The States not participating in the tap sale are Arunachal Pradesh, Chhattisgarh, Goa, Gujarat, Mizoram, Orissa, Sikkim and Uttaranchal.

The sale will be held at the respective regional offices of the RBI and at Mumbai.

The RBI reserves the right to close the sale during banking hours on or after January 11 with regard to the requirements of the State Governments and the subscriptions received. The date of payment will be January 13, said a release.