India 5 State Governments announce auctions of SDL 2017
Published April 17th, 2007
The following State Governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs.1,837.000 crore through a yield based auction using multiple price auction method.
Sr. No. State Notified Amount
(Rs. crore)
1. Gujarat 400.000
2. Maharashtra 500.000
3. Mizoram 47.000
4. Nagaland 140.000
5. Rajasthan 750.000
Total 1837.000
The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on April 19, 2007 (Thursday). Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai- 400 001 should be submitted to that Office on Thursday, April 19, 2007. The competitive bids by the NDS members should be submitted only in electronic format using Primary Market Operation (PMO) module of NDS.
All bids should be submitted by 12.30 P.M. On the basis of bids received, RBI will determine the maximum yield at which offers will be accepted. The results of the auction will be announced on April 19, 2007 and payment by successful bidders will be during banking hours on April 20, 2007 at Mumbai and at respective Regional Offices of Reserve Bank of India. The stocks will qualify for the ready forward facility.
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