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

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