Jaipur: The state govt has raised Rs 5,000 crore through three Reserve Bank of India (RBI) bonds to fund development schemes, not through direct loans but via State Guaranteed Securities (SGS).The bonds, issued for 10 to 26 years, will have to be repaid over the long term. Rajasthan, which raises funds through bonds almost every year, is paying comparatively higher interest rates this time than many other states.According to information from the RBI, Rs 1,500 crore was raised by reissuing the Rajasthan SGS 2043 bond at an interest rate of 7.57% for 18 years. Another Rs 2,000 crore was mobilised through the Rajasthan SGS 2035 bond for 10 years at 7.23%, while Rs 1,500 crore was secured through the Rajasthan SGS 2051 bond for 26 years at 7.30%.
