The following State Governments have supplied to promote inventory by method of public sale, for an combination quantity of ₹8,250 Crore (Face Value).
|Sr. No||State||Amount to be raised
|Additional Borrowing (Greenshoe) Option
|Type of Auction|
The public sale will likely be performed on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 11, 2022 (Tuesday). The Government Stock as much as Ten per cent of the notified quantity of the sale of every inventory will likely 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 buyers can place bids as per the non-aggressive scheme additionally via the Retail Direct portal (https://rbiretaildirect.org.in).
Both aggressive and non-aggressive bids for the public sale needs to be submitted in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 11, 2022 (Tuesday). The aggressive bids needs to be submitted between 10.30 A.M. and 11.30 A.M. and non-aggressive bids needs to 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 needs to 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 p.c every year anticipated by the bidder needs to be expressed as much as two decimal factors. An investor can submit a couple of aggressive bid at identical/totally 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 shouldn’t exceed the notified quantity for every State.
The Reserve Bank of India will decide the utmost yield /minimal value at which bids will likely be accepted. Stock will likely 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 likely be introduced on October 11, 2022 (Tuesday) and fee by profitable bidders will likely be made throughout banking hours on October 12, 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 likely be paid half yearly on April 12 and October 12 of every year until maturity. The Stocks will likely be ruled by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.
The funding in State Government Stocks will likely 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.
Press Release: 2022-2023/1013