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RBI allows trade in states’ power bonds

RBI allows trade in states’ power bonds
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First Published: Tue, Apr 03 2007. 03 09 AM IST
Updated: Tue, Apr 03 2007. 03 09 AM IST
Mumbai: The Reserve Bank of India (RBI) on Monday said it has permitted trading in power bonds, maturing on 1 October 2011 and 1 April 2012, which were issued by states to central public sector undertakings. The RBI said these bonds were issued in terms of a tripartite agreement among 27 state governments, the Union power ministry and the central bank under a one-time settlement for dues of state electricity boards.
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First Published: Tue, Apr 03 2007. 03 09 AM IST
More Topics: Money Matters | Bonds |