ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Towards Discounts Again

Towards Discounts Again? IN recent years, State loans have tended to hold their levels around their issue price. This is in marked contrast to the discounts, sometimes heavy, at which they used to be available on closure of their subscription lists not very long ago, Two factors have supported the market price of State loans. First, they were made attractive in relation to the yield offered by the long-dated Central loans, both in terms of the annual interest offered and the discounts in their issue price. Second

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top