The following State Governments have supplied to promote inventory by manner of public sale, for an combination quantity of ₹27,736 Crore (Face Value).
| Sr. No | State | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) |
Tenure (Years) |
Type of Auction |
| 1 | Andhra Pradesh | 500 | – | 6 | Yield |
| 500 | – | 12 | Yield | ||
| 2 | Bihar | 1000 | – | 10 | Yield |
| 3 | Goa | 100 | – | 10 | Yield |
| 4 | Gujarat | 1500 | 500 | 4 | Yield |
| 5 | Haryana | 1500 | – | 10 | Yield |
| 6 | Kerala | 1436 | – | 18 | Yield |
| 7 | Maharashtra | 2000 | – | 8 | Yield |
| 2000 | – | 10 | Yield | ||
| 8 | Manipur | 100 | – | 10 | Yield |
| 9 | Mizoram | 100 | – | 15 | Yield |
| 10 | Punjab | 2500 | – | 20 | Yield |
| 11 | Rajasthan | 1000 | – | 10 | Yield |
| 500 | – | Reissue of 7.85% Rajasthan SDL 2039 issued on June 22, 2022 | Price | ||
| 12 | Tamil Nadu | 3000 | – | Reissue of 7.13% Tamil Nadu SDL 2047 issued on February 16, 2022 | Price |
| 1500 | – | Reissue of 7.03% Tamil Nadu SDL 2051 issued on June 02, 2021 | Price | ||
| 1500 | – | Reissue of 7.33% Tamil Nadu SDL 2052 issued on February 02, 2022 | Price | ||
| 13 | Uttar Pradesh | 2500 | – | 10 | Yield |
| 14 | West Bengal | 2000 | – | 10 | Yield |
| 2500 | – | 16 | Yield | ||
| TOTAL | 27,736 |
The public sale will probably be performed on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 27, 2022 (Tuesday). The Government Stock as much as Ten per cent of the notified quantity of the sale of every inventory will probably 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 by way of the Retail Direct portal (https://rbiretaildirect.org.in).
Both aggressive and non-aggressive bids for the public sale must be submitted in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 27, 2022 (Tuesday). The aggressive bids must be submitted between 10.30 A.M. and 11.30 A.M. and non-aggressive bids must be submitted between 10.30 A.M. and 11.00 A.M.
In case of technical difficulties, Core Banking Operations Team (electronic mail; Phone no: 022-27595666, 022-27595415, 022-27523516) could also be contacted.
For different public sale associated difficulties, IDMD Auction Team may be contacted (electronic mail; Phone no: 022-22702431, 022-22705125).
Only within the occasion of system failure, bodily bids can be accepted. Such bodily bids must be submitted to the Public Debt Office (electronic mail; Phone no: 022-22632527, 022-22701299) within the prescribed type obtainable from RBI web site (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) earlier than the public sale timing ends.
The yield % every year anticipated by the bidder must be expressed as much as two decimal factors. An investor can submit a couple of aggressive bid at similar/completely different charges of yield or costs in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the mixture quantity of bids submitted by a bidder mustn’t exceed the notified quantity for every State.
The Reserve Bank of India will decide the utmost yield /minimal value at which bids will probably be accepted. Stock will probably be issued for a minimal nominal quantity of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The outcomes of the public sale will probably be introduced on September 27, 2022 (Tuesday) and fee by profitable bidders will probably be made throughout banking hours on September 28, 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 will probably be paid half yearly on March 28 and September 28 of annually until maturity. For the re-issued Government Stock, curiosity will probably be paid on the charge as decided on the date of unique situation of Government Stock and will probably be paid on half yearly foundation until maturity. The Stocks will probably be ruled by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.
The funding in State Government Stocks will probably be reckoned as an eligible funding in Government Securities by banks for the aim of Statutory Liquidity Ratio (SLR) below Section 24 of the Banking Regulation Act, 1949. The shares will qualify for the prepared ahead facility.
Rupambara
Director (Communications)
Press Release: 2022-2023/928
