Question
Nine states have raised Rs 13,500 crore through the
auction for state government securities.Which state has raised the highest amount of Rs 4,000 crore through three bonds?Solution
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. The state raised this sum through three papers – 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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