Financial Daily
from THE HINDU group of publications
Wednesday, January 19, 2000
|
Financial Daily from THE HINDU group of publications Wednesday, January 19, 2000 |
||
|
|
||
|
• AGRI-BUSINESS • BANKING & FINANCE • CORPORATE • INDUSTRY • INFO-TECH • LOGISTICS • MACRO ECONOMY • MARKETING • MARKETS • MONEY • NEWS • OPINION • INFO-TECH • CATALYST • INVESTMENT WORLD • MONEY & BANKING • LOGISTICS |
News
| Next
| Prev
Karnataka Govt stock oversubscribed
Our Bureau
MUMBAI, Jan. 18
THE Rs. 200-crore 10-year Karnataka Government stock was oversubscribed over eight times at the auction held here on Tuesday.
According to the RBI, as against the notified amount of Rs. 200 crores, 147 bids for Rs. 1,723.50 crores were received. Of this, four bids up to the yield of 11.08 per cent per annum for Rs. 200 crores were accepted.
The weighted average cut-off yield was 11.07 per cent, indicating the actual cost of the borrowing for the State Government. This is as good at the going rate for the 10-year Government of India stock, said a dealer in Government securities. The paper i
s expected to receive good demand in the secondary market.
|
|
|
Comment on this article to BLFeedback@thehindu.co.in
Send this article to Friends by E-Mail
Next: Review of interest rate cut ruled out Prev: Auto industry told to upgrade technology News Agri-Business | Banking & Finance | Corporate | Industry | Info-Tech | Logistics | Macro Economy | Marketing | Markets | Money | News | Opinion | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics | Copyright © 2000 The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line. |