Over 70% Uday bonds to mature during 2019-27, says Icra
Updated : November 19, 2018 11:39 PM IST
The rating agency in research report titled 'Update on State Government Finances' further said fifteen states issued Rs 2,107.6 billion of UDAY bonds in 2015-16 and/or 2016-17, the redemption of which started in 2017-18 and will extend up to 2031-32.
On November 5, 2015, the government of India had approved the UDAY scheme with an objective of financial turnaround of the state power distribution corporations (Discoms).
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