Nadus borrowing cost went up marginally by 4-6 basis points in this weeks bond auction, when compared to last week.
The State raised 3,000 crore through the issue of long tenure Bonds of 30 years and 25 years respectively with an interest of 7.03% each. In the previous week, it had raised 3,000 crore through the issue of bonds with tenures of 20 and 25 years with interests of 6.99% and 6.97% respectively, according to data from the Reserve Bank Of India.
The weighted Average cost of borrowing for State governments across States and tenures was 6.86%, 12 basis points higher than last week, the ratings firm CARE Ratings said.