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Babu To Raise 500 Crore More For Amaravati
By: Tupaki Desk | 19 Sep 2018 1:45 PM GMT
TDP Government raised Rs 2,000 crore through Amaravati Bonds at an interest rate of over 10 percent. Inspite of facing criticism, State Government has been planning to generate another Rs 500 crore in the form of public funding.
For the first time ever, State Government planned to raise a certain amount through Public Issue which is like allowing people to bid for Amaravati Shares. Close to Rs 500 crore can be generated with this move.
TDP Government invited Request For Quotation (RFQ) from several agencies so that Lead Managers, who will be assigned the task of mobilizing funds from public, can be chosen from them. Pre-Bid Qualification would be assessed by September 25th. October 5th is the Last Date for bidding. Tenure of the bonds will be from 3 to 15 years.
For the first time ever, State Government planned to raise a certain amount through Public Issue which is like allowing people to bid for Amaravati Shares. Close to Rs 500 crore can be generated with this move.
TDP Government invited Request For Quotation (RFQ) from several agencies so that Lead Managers, who will be assigned the task of mobilizing funds from public, can be chosen from them. Pre-Bid Qualification would be assessed by September 25th. October 5th is the Last Date for bidding. Tenure of the bonds will be from 3 to 15 years.
