The Satya Anand Ashram, temple of Truth and Bliss at Dookhan Drive, Johnny King Road, Aranguez, is only two years old, but many of its members and devotees have been quietly involved in charity...
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Govt $1b bond issue oversubscribed
The auction of Government’s $1 billion seven-year 2.20 per cent bond issued on Friday has been oversubscribed, with the total bids received amounting to $2,144,190 million. In a paid advertisements published in daily newspapers, the Central Bank said bond, intended to assist in domestic liquidity management, was allotted at a premium, with a clearing price of $101.30 per $100 face value, offering investors a yield to maturity of two per cent.
The Central Bank said: “Bids at this clearing price were pro-rated to allocate approximately 39 per cent of the amount applied at this price, while competitive bids submitted at a price lower than this were rejected. “Successful competitive bidders, as well as non-competitive bidders, will be required to pay the clearing price for the bond.”
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