Anta Assamey Posted March 31, 2020 Report Posted March 31, 2020 Few times, there will be a wide gap in what we say and what we do. When we heard from AP chief minister Jagan Mohan Reddy about all the developmental activities in state, it seemed like state will be in a bright position soon. But, as we go deep, it can be understood that situation of state is totally unwell and it certainly raises many doubts on growth aspects of state. Recently, Andhra Pradesh government decided to raise Rs 600 Cr through bond auction. But, given the crisis caused by outbreak of Corona Virus, the state government planned to go ahead with just 100 Cr worth bonds. But buyers don't seem to care too much about bonds and nobody is ready to chase after govt bonds in the current scenario. So, Andhra govt finally notified an amount of 50 Cr via bonds and yield rate was decided as 9.5%. The AP govt received an approval from Centre to raise Rs 600 Cr via Reserve Bank of India (RBI). Typically, the central bank will allow states to go for bond auction with an yield rate of 7-8%. But, the current scenario in Andhra Pradesh is totally different and it has made the officials to offer 200 basis points more than other states. Still, there is no demand among buyers. Given that it's the last day in current fiscal year, state finance dept may not be able to get those funds. Also, RBI may not proceed with the bond auction during these turbulent times. Certainly, it is going to end up state officials in a huge disappointment. The Covid-19 crisis across the country has led to 21-day lockdown and nothing except the emergency services are functional. It has totally stalled GST collections and exchange income of the state. Besides all the existing problems, AP government is expected to get even more troubled with RBI not going ahead with auction of bonds. Also, this has raised several doubts on demand for AP bonds. Quote
vin421 Posted March 31, 2020 Report Posted March 31, 2020 Where can we buy Andhra Bonds? Does Brokers offer them? Quote
BeerBob123 Posted March 31, 2020 Report Posted March 31, 2020 Just now, vin421 said: Where can we buy Andhra Bonds? Does Brokers offer them? vanguard lo option undi kaaka Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 7 hours ago, Anta Assamey said: Few times, there will be a wide gap in what we say and what we do. When we heard from AP chief minister Jagan Mohan Reddy about all the developmental activities in state, it seemed like state will be in a bright position soon. But, as we go deep, it can be understood that situation of state is totally unwell and it certainly raises many doubts on growth aspects of state. Recently, Andhra Pradesh government decided to raise Rs 600 Cr through bond auction. But, given the crisis caused by outbreak of Corona Virus, the state government planned to go ahead with just 100 Cr worth bonds. But buyers don't seem to care too much about bonds and nobody is ready to chase after govt bonds in the current scenario. So, Andhra govt finally notified an amount of 50 Cr via bonds and yield rate was decided as 9.5%. The AP govt received an approval from Centre to raise Rs 600 Cr via Reserve Bank of India (RBI). Typically, the central bank will allow states to go for bond auction with an yield rate of 7-8%. But, the current scenario in Andhra Pradesh is totally different and it has made the officials to offer 200 basis points more than other states. Still, there is no demand among buyers. Given that it's the last day in current fiscal year, state finance dept may not be able to get those funds. Also, RBI may not proceed with the bond auction during these turbulent times. Certainly, it is going to end up state officials in a huge disappointment. The Covid-19 crisis across the country has led to 21-day lockdown and nothing except the emergency services are functional. It has totally stalled GST collections and exchange income of the state. Besides all the existing problems, AP government is expected to get even more troubled with RBI not going ahead with auction of bonds. Also, this has raised several doubts on demand for AP bonds. Jaggadi bonds YSRCP valle konaru..investor sentiment mottam 10ga pettaka why would anyone invest in AP AP will have dark period for the next 4 yrs.. even to extent that they cannot pay salaries to employees thanks to chewthiya people who gave him 152 and former visionary chewthiya CM who couldn't see the game played by YSRCP and fell into their trap they both finally made people chewthiyas Quote
BeerBob123 Posted March 31, 2020 Report Posted March 31, 2020 Just now, soodhilodaaram said: Jaggadi bonds YSRCP valle konaru..investor sentiment mottam 10ga pettaka why would anyone invest in AP AP will have dark period for the next 4 yrs.. even to extent that they cannot pay salaries to employees thanks to chewthiya people who gave him 152 and former visionary chewthiya CM who couldn't see the game played by YSRCP and fell into their trap they both finally made people chewthiyas Anna Modi shroud contest from AP Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 1 minute ago, BeerBob123 said: Anna Modi shroud contest from AP contact this guy then Quote
BeerBob123 Posted March 31, 2020 Report Posted March 31, 2020 Just now, soodhilodaaram said: contact this guy then call chesthunna busy tone vastondi I think Jaffas gap istunnatu leru 1 Quote
ntr2ntr Posted March 31, 2020 Report Posted March 31, 2020 CBN term lo Amaravathi bonds 2000 crs ni 1 hr lo 1.5 times over subscribe ayindi. Adi credibility ante sheeyam gaaru. Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 19 minutes ago, BeerBob123 said: call chesthunna busy tone vastondi I think Jaffas gap istunnatu leru try and try until you succeed, payment agipoyaka Jaffas will cool down Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 5 minutes ago, ntr2ntr said: CBN term lo Amaravathi bonds 2000 crs ni 1 hr lo 1.5 times over subscribe ayindi. Adi credibility ante sheeyam gaaru. baaga chepparu.. meeru koda call cheyandi Quote
R_K_LunchVodka Posted March 31, 2020 Report Posted March 31, 2020 bonds aa... akkada em migilinidi bongu Quote
tom bhayya Posted March 31, 2020 Report Posted March 31, 2020 yellow news aa , its other way around. FUll demand undho AP bonds ki but Jagan doesn't want to burder govt treasury with that interest rate so thakkuva selling ani @aakathaai789 cheppamannadu Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 6 minutes ago, R_K_LunchVodka said: bonds aa... akkada em migilinidi bongu emi ledu kabatte call cheyamantundi Quote
soodhilodaaram Posted March 31, 2020 Report Posted March 31, 2020 5 minutes ago, tom bhayya said: yellow news aa , its other way around. FUll demand undho AP bonds ki but Jagan doesn't want to burder govt treasury with that interest rate so thakkuva selling ani @aakathaai789 cheppamannadu interest rate taggalante call this guy 1 Quote
Thokkalee Posted March 31, 2020 Report Posted March 31, 2020 37 minutes ago, soodhilodaaram said: Jaggadi bonds YSRCP valle konaru..investor sentiment mottam 10ga pettaka why would anyone invest in AP AP will have dark period for the next 4 yrs.. even to extent that they cannot pay salaries to employees thanks to chewthiya people who gave him 152 and former visionary chewthiya CM who couldn't see the game played by YSRCP and fell into their trap they both finally made people chewthiyas Calling @bhaigan for counter argument.. Quote
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