The following State Governments have supplied to promote inventory by manner of public sale, for an mixture quantity of ₹16,900 Crore (Face Value).
| Sr. No | State/UT | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) |
Tenure (Years) |
Type of Auction |
| 1 | Bihar | 2000 | – | 10 | Yield |
| 2 | Goa | 100 | – | 10 | Yield |
| 3 | Gujarat | 1000 | – | 4 | Yield |
| 1000 | – | 7 | Yield | ||
| 4 | Jammu & Kashmir | 800 | – | 15 | Yield |
| 5 | Madhya Pradesh | 1000 | – | Reissue of 8.64% Madhya Pradesh SDL 2033 issued on September 03, 2018 | Price |
| 6 | Maharashtra | 4000 | – | 8 | Yield |
| 7 | Punjab | 1500 | – | Reissue of 7.85% Punjab SGS 2042 issued on October 12, 2022 | Price |
| 8 | Uttar Pradesh | 3000 | – | 12 | Yield |
| 9 | West Bengal | 2500 | – | 17 | Yield |
| TOTAL | 16,900 |
The public sale shall be performed on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 18, 2022 (Tuesday). The Government Stock as much as Ten per cent of the notified quantity of the sale of every inventory shall 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 can place bids as per the non-aggressive scheme additionally by way of 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 18, 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 (e-mail; Phone no: 022-27595666, 022-27595415, 022-27523516) could also be contacted.
For different public sale associated difficulties, IDMD Auction Team will 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 needs to be submitted to the Public Debt Office (e-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 % each 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 similar/totally 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 mustn’t exceed the notified quantity for every State.
The Reserve Bank of India will decide the utmost yield /minimal value at which bids shall be accepted. Stock shall be issued for a minimal nominal quantity of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The outcomes of the public sale shall be introduced on October 18, 2022 (Tuesday) and fee by profitable bidders shall be made throughout banking hours on October 19, 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 shall be paid half yearly on April 19 and October 19 of annually until maturity. For the re-issued Government Stock, curiosity shall be paid on the price as decided on the date of authentic difficulty of Government Stock and shall be paid on half yearly foundation until maturity. The Stocks shall be ruled by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.
The funding in State Government Stocks shall be reckoned as an eligible funding in Government Securities by banks for the aim of Statutory Liquidity Ratio (SLR) beneath Section 24 of the Banking Regulation Act, 1949. The shares will qualify for the prepared ahead facility.
Rupambara
Director (Communications)
Press Release: 2022-2023/1046
