States’ debt cost continues to rise, nears 7.5%

2023-07-04 13:43:13 States continue to pay higher interest rates to investors for their debt, with the latest weighted average cost rising to 7.46 per cent at Tuesday’s auctions wherein nine states raised Rs 16,200 crore. The weighted average cut-off/yield on state government securities (SGS) rose by 5 bps to 7.46 per cent in the auction … Read more

Despite heavy supply, debt cost slips marginally for states to 7.32 per cent

2023-06-06 13:50:50 Despite larger than notified supplies, the average cost for the states that hit the market on Tuesday will be less in terms of coupons, which slipped by 3 bps to 7.32 per cent. Twelve states have raised Rs 17,300 crore through state government securities in the auction held on Tuesday, which is a … Read more