Andhra Pradesh, established as a prominent state in India, aims to foster economic growth and development within its region. The state government focuses on enhancing public services and infrastructure to support both local and foreign investments. Key services include investment in public projects and development initiatives that aim to boost the state's economy and improve living standards for its residents.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Andhra Pradesh has a history of bond issuances that dates back to the establishment of the state, with significant milestones including their inaugural bond issue in 2000, primarily aimed at funding infrastructure projects. A notable recent issuance was in 2022, raising ?5,000 crores to enhance water supply systems, achieving a competitive yield of 6.5%, which was lower than the average yield across similar state bonds. The state's bonds are often characterized by their green features, aligning with sustainable development goals, and continue to attract interest from retail investors keen on socially responsible investment options.