Date:18/04/2005 URL: http://www.thehindubusinessline.com/2005/04/18/stories/2005041801341304.htm

Back Kerala Govt to borrow Rs 300 cr

Our Bureau

THIRUVANANTHAPURAM: The Kerala Government is borrowing Rs 300 crore from the market for the State's development activities.

The public auction of bonds will be held on April 20 at the Mumbai office of the Reserve Bank of India (RBI). The bonds, with tenure of 10 years, will be redeemed on April 21, 2015.

The interest will be paid twice a year on April 21 and October 21, according to an official release.