State raises another tranche of ₹ 1,000 crore through OMB

State raises another tranche of ₹ 1,000 crore through OMB

The Hindu

The State government has raised another tranche of ₹ 1,000 crore through open market borrowings (OMB) in the form of State Development Loan from the Reserve Bank of India on Tuesday. The State had notified raising an amount of ₹ 750 crore as SDL, but had accepted another ₹ 250 crore as part of the auction. The State had accepted additional borrowing under the green shoe option and the loan carries cut off yield of 7 % with a tenure of 30 years.
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