Borrowing cost hardens with surge in state bond issuances

Borrowing cost hardens with surge in state bond issuances https://ift.tt/Sfe0GN5 April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed. On a gross basis, sales of state government bonds were anyway set to outstrip the previous year issuance due to larger redemptions lined up this year