The following State Governments have supplied to promote inventory by method of public sale, for an combination quantity of ₹11,400 Crore (Face Value).
| Sr. No | State/UT | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) |
Tenure (Years) | Type of Auction |
| 1 | Assam | 800 | – | 10 | Yield |
| 2 | Bihar | 1000 | – | 10 | Yield |
| 3 | Goa | 100 | – | 15 | Yield |
| 4 | Jammu & Kashmir | 500 | – | 12 | Yield |
| 5 | Madhya Pradesh | 2000 | – | Reissue of 7.46% Madhya Pradesh SGS 2032 issued on September 14, 2022 | Price |
| 6 | Punjab | 500 | – | Reissue of 7.75% Punjab SGS 2042 issued on August 24, 2022 | Price |
| 1000 | – | Reissue of 7.58% Punjab SGS 2042 issued on September 07, 2022 | Price | ||
| 7 | Tamil Nadu | 2000 | – | 10 | Yield |
| 8 | Telangana | 500 | – | 18 | Yield |
| 9 | West Bengal | 2000 | – | 17 | Yield |
| 1000 | – | 20 | Yield | ||
| TOTAL | 11,400 |
The public sale can be carried out on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 20, 2022 (Tuesday). The Government Stock as much as Ten per cent of the notified quantity of the sale of every inventory can be allotted to eligible people and establishments topic to a most restrict of One per cent of its notified quantity for a single bid per inventory as per the Scheme for Non-competitive Bidding Facility. Individual traders may place bids as per the non-aggressive scheme via the Retail Direct portal (https://rbiretaildirect.org.in).
Both aggressive and non-aggressive bids for the public sale ought to be submitted in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 20, 2022 (Tuesday). The aggressive bids ought to be submitted between 10.30 A.M. and 11.30 A.M. and non-aggressive bids ought to be submitted between 10.30 A.M. and 11.00 A.M.
In case of technical difficulties, Core Banking Operations Team (e-mail; Phone no: 022-27595666, 022-27595415, 022-27523516) could also be contacted.
For different public sale associated difficulties, IDMD Auction Team could be contacted (e-mail; Phone no: 022-22702431, 022-22705125).
Only within the occasion of system failure, bodily bids could be accepted. Such bodily bids ought to be submitted to the Public Debt Office (e-mail; Phone no: 022-22632527, 022-22701299) within the prescribed kind obtainable from RBI web site (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) earlier than the public sale timing ends.
The yield p.c each year anticipated by the bidder ought to be expressed as much as two decimal factors. An investor can submit a couple of aggressive bid at identical/completely different charges of yield or costs in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the combination quantity of bids submitted by a bidder shouldn’t exceed the notified quantity for every State.
The Reserve Bank of India will decide the utmost yield /minimal value at which bids can be accepted. Stock can be issued for a minimal nominal quantity of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The outcomes of the public sale can be introduced on September 20, 2022 (Tuesday) and cost by profitable bidders can be made throughout banking hours on September 21, 2022 (Wednesday) at Mumbai and at respective Regional Offices of RBI.
The new State Government Stocks will bear curiosity on the charges decided by RBI on the auctions. For the brand new inventory, curiosity can be paid half yearly on March 21 and September 21 of annually until maturity. For the re-issued Government Stock, curiosity can be paid on the price as decided on the date of unique difficulty of Government Stock and can be paid on half yearly foundation until maturity. The Stocks can be ruled by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.
The funding in State Government Stocks can be reckoned as an eligible funding in Government Securities by banks for the aim of Statutory Liquidity Ratio (SLR) underneath Section 24 of the Banking Regulation Act, 1949. The shares will qualify for the prepared ahead facility.
Rupambara
Director (Communications)
Press Release: 2022-2023/883
