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Eleven states raised Rs 28,000 crore from state authorities securities (SGS), which is 27 per cent decrease than the Rs 38,200 crore indicated for this week within the public sale calendar, in keeping with a word by Icra Rankings.
Consequently, the weighted common cut-off eased by 4 bps to 7.40 per cent, the bottom prior to now 32 weeks.
The autumn within the pricing was regardless of a light improve within the weighted common tenor to fifteen years from 14 through the week.
The unfold between the cut-off of the 10-year state bonds and the benchmark 10-year G-sec (7.18 GS 2033) yield narrowed to 35 bps from 37 bps final week.
Yr-to-date, states have borrowed Rs 8.423 lakh crore, 29.8 per cent greater than what that they had borrowed in the identical interval final fiscal at Rs 6.488 lakh crore.
