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Mumbai investors snap up Maharashtra bonds as company sales fade

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Published Mon, Aug 10, 2015 · 09:50 PM

Mumbai

A SURGE in yields to an eight-month high saw money managers in Mumbai flock to buy debt offered by the city's home state of Maharashtra last month.

The western Indian state sold 10-year securities at an average annualised coupon of 8.47 per cent at two auctions in July, the highest since November.

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