| | Permission has been given to AP Power Finance Corporation (APPFCL) to mobilise about Rs 2,000 crore towards private placement of AP Power Bonds. This includes Rs 500 crore already allowed, a government announcement said. The Government would stand guarantee for repayment of the principal amount and interest after the due date. Since the liability pertains to Andhra Pradesh Government, there is no permission to charge guarantee commission. The guarantee will be in force until all the bonds issued by APPFCL or its successor entities are redeemed as per the terms of the bonds.
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