Question
Nine states have raised Rs 13,500 crore through the
auction for state government securities.Which state hasĀ raised the highest amount of Rs 4,000 crore through three bonds?ĀSolution
Ā Nine states has raised Rs 13,500 crore through the auction for state government securities.Punjab has raised the highest amount of Rs 4,000 crore through three bonds.Ā Ā Ā The state raised this sum through three papers ā Rs 1,500 crore through a 12-year paper with a cut-off yield of 7.52 per cent, Rs 1,500 crore through a 13-year paper with a cut-off yield of 7.51 per cent, and Rs 1,000 crore through a 14-year paper with a cut-off yield of 7.49 per cent.
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