Govt issues 6-yr UTI bonds worth Rs 328 cr

The government on Wednesday issued special 6-year bonds worth Rs 328 crore for meeting Unit Trust of India’s shortfall in assured retur...

• New Delhi | March 25, 2004 12:00 AM IST
1 min read

The government on Wednesday issued special 6-year bonds worth Rs 328 crore for meeting Unit Trust of India’s shortfall in assured return scheme.The ‘Government of India UTI bonds’ carries interest rate of 6.2 per cent and matures on 2010.The investment in the UTI bonds will not be eligible for Statutory Liquidity Ratio (SLR) of banks and FIs. The bonds can be transferred and eligible for market ready forward or repo transactions. — (PTI)

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