Ten states raise 45.2 bln rupees via 10-yr loans

Ten Indian states sold 10-year state development loans worth a total of 45.15 billion rupees on Thursday.

All states except Tamil Nadu raised the target amount, while the southern Indian state raised 10 billion rupees against a notified amount of 8 billion.

The cut-off yield details for each state are as follows:

--------------------------------------------

STATE CUT-OFF YIELD

--------------------------------------------

ANDHRA PRADESH 8.10 PCT

GOA 8.14 PCT

JHARKHAND 8.19 PCT

KERALA 8.12 PCT

MANIPUR 8.18 PCT

MEGHALAYA 8.24 PCT

PUNJAB 8.08 PCT

RAJASHTAN 8.10 PCT

TAMIL NADU 8.11 PCT

WEST BENGAL 7.68 PCT

--------------------------------------------

SEARCH