January 22, 2013 / 9:19 AM / 5 years ago

India cbank says 11 states raise 101.02 bln rupees via loans

MUMBAI, Jan 22 (Reuters) - The Reserve Bank of India said on Tuesday 11
states raised 101.02 billion rupees ($1.88 billion) via state development loans,
higher than the minimum target of 99.02 billion rupees.
    Following is the detailed table:
    
 State           Notified   Amount     Tenor   Cut-off   Weighted
                 Amount     Accepted   (Years   Yield    Average
                 (Rs.       (Rs.         )     (Percent   Yield
                 billion)   billion)              )      (Percent
                                                            )
 Andhra Pradesh         20  20           10    8.59      8.5700
 Gujarat                15  15           10    8.58      8.5566
 Haryana               5.7  5.7          10    8.57      8.5534
 Himachal                5  5            4     8.48      8.4679
 Pradesh #                                               
 Kerala                 15  15           10    8.6       8.5762
 Madhya Pradesh         10  10           10    8.6       8.5886
 Meghalaya            0.80  0.80         10    8.58      8.5800
 Puducherry           1.52  1.52         10    8.57      8.5436
 Rajasthan              10  10           10    8.56      8.5494
 Tamil Nadu *            8  10           10    8.56      8.5470
 West Bengal             8  8            10    8.64      8.6092
     Total           99.02  101.02                        
 
    * Government of Tamil Nadu has retained additional subscription up of 2
billion rupees. #Government of Himachal Pradesh has issued 4-year new security,
while other state governments' SDL securities will be issues for a tenor of
10-years.
    ($1=53.7 rupees)
        

 (Reporting by Shamik Paul; Editing by Prateek Chatterjee)

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