• search
For Mumbai Updates
Allow Notification  

‘Amaravati Bond 2018 listed on BSE today

By Chennabasaveshwar

Mumbai, Aug 27: Andhra Pradesh CM Nara Chandrababu Naidu on Monday rang the opening bell to mark the listing ceremony of 'Amaravati Bond 2018' at Bombay Stock Exchange (BSE).

The bond was issued by Andhra Pradesh Capital Region Development Authority (APCRDA) for the construction of the state capital, Amaravati.

AP CM grants Rs 2,564 cr for development of tribal pockets

The APCRDA has raised Rs 2,000 crore by way of issuance of bonds on private placement basis on BSE's electronic book mechanism platform. The platform was launched on July 1, 2016, to facilitate online bidding for private placement of debt securities. Since then, 120 issuers have garnered Rs 4.86 lakh crore through the exchange mechanism, reports PTI.

"On August 14, 2018, APCRDA successfully raised Rs 2,000 crore by issuing bonds on private placement basis using BSE BOND platform," the exchange said in a statement.

Won't join NDA for 2019 elections, says Chandrababu Naidu

"Amaravati Bond 2018 has created history by over-subscription raising Rs 2,000 crore and is the testimony of investors' confidence in Andhra Pradesh and Amaravati. This will help in developing Amaravati as smart, sustainable and happy city and as a global destination of people, jobs and investments," Andhra Pradesh CM Chandrababu Naidu said.

Chandrababu Naidu at BSE

Chandrababu Naidu at BSE

Andhra Pradesh CM N. Chandrababu Naidu, addressing a packed gathering at the listing of ‘Amaravati Bond 2018' on 27th August, 2018 at at Bombay Stock Exchange (BSE). Courtesy: @ncbn

 Naidu and BSE MD

Naidu and BSE MD

Chandrababu Naidu interacts with Ashish Chauhan, MD & CEO BSE India, ahead of the Listing Ceremony of Amaravati Bonds. Courtesy: @ncbn

 a 10-year instrument

a 10-year instrument

According to reports, ‘Amaravati Bond 2018', a 10-year instrument is offered at a fixed interest rate of 10.32% per annum, paid quarterly, with a 5-year moratorium on principal payment, which is redeemed on yearly basis for next 5 years at 20 per cent every year. Courtesy: @ncbn

 Bond rated by CRISIL

Bond rated by CRISIL

The issue is guaranteed by the Government of Andhra Pradesh and is rated by CRISIL, Brickwork and Auicte. M/s AK Capital Services officiated as the sole arranger. Courtesy: @ncbn

Mumbai North Central Fact Check
Po.no Candidate's Name Votes Party
1 Poonam Mahajan 483737 BJP
2 Dutt Priya Sunil 355358 INC

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X

Loksabha Results


Arunachal Pradesh






Andhra Pradesh


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more