The following State Governments have supplied to promote inventory by manner of public sale, for an combination quantity of ₹5,900 Crore (Face Value).
| Sr. No. | State | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) |
Tenure (Yrs) |
Type of Auction |
| 1 | Andhra Pradesh | 500 | – | 18 | Yield |
| 500 | – | 20 | Yield | ||
| 2 | Assam | 800 | – | 10 | Yield |
| 3 | Bihar | 1000 | – | 10 | Yield |
| 4 | Goa | 100 | – | 15 | Yield |
| 5 | Punjab | 1000 | – | 20 | Yield |
| 6 | Telangana | 1000 | – | 8 | Yield |
| 1000 | – | 9 | Yield | ||
| TOTAL | 5900 |
The public sale might be carried out on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 06, 2022 (Tuesday). The Government Stock as much as Ten per cent of the notified quantity of the sale of every inventory might 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 even 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 ought to be submitted in digital format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 06, 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 (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 ought to be submitted to the Public Debt Office (electronic 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 % every year anticipated by the bidder ought to be expressed as much as two decimal factors. An investor can submit multiple 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 worth at which bids might be accepted. Stock might be issued for a minimal nominal quantity of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The outcomes of the public sale might be introduced on September 06, 2022 (Tuesday) and fee by profitable bidders might be made throughout banking hours on September 07, 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 might be paid half yearly on March 07 and September 07 of every year until maturity. The Stocks might be ruled by the provisions of the Government Securities Act, 2006 and the Government Securities Regulations, 2007.
The funding in State Government Stocks might 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: 2022-2023/809
