State Government of Andhra Pradesh announces Auction of State Development Loan 2020 for Rs.500.000 crore on October 26, 2010

Please refer to our earlier press release dated October 21, 2010, announcing SDL Auction for ten State Governments to be held on October 26, 2010. In this connection, the State Government of Andhra Pradesh has also announced the sale of its 10-year State Development Loan (SDL) for an aggregate amount of Rs.500.000 crore through yield based auction using multiple price auction method on October 26, 2010. Thus, the total amount (notified), as indicated in our earlier press release, will stand revised to Rs.8226.803 crore.

Other terms and conditions would remain same as contained in the aforesaid press release.

 J.D.Desai
Assistant Manager

Press Release : 2010-2011/572