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?

Q: Answer-Nine states have raised Rs 13,500 crore through the auction for state government securities.Which st...

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.