APSFC to raise Rs 200 crore

APSFC to raise Rs 200 crore

BS Reporter / Chennai/ Hyderabad February 15, 2011, 0:29 IST

The state Cabinet on Monday gave its nod to the AP State Finance Corporation (APSFC) to raise Rs 200 crore from the open market by issuing 10-year bonds. APSFC will utilise the funds for lending to businesses and industry, according to a press release.