by Haryananewswire
CHANDIGARH, MARCH 7
The Haryana Government has notified the sale of Haryana Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 1290 crore (Nominal).
A notification to this effect has been issued by the Finance Department, Haryana.
The auction of the government stock will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai on March 11, 2014. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 11, 2014. The competitive bids would be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12 p.m. and the non competitive bids between 10.30 a.m. and 11.30 a.m.
The Government stock upto 10 per cent of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of one per cent of the notified amount for a single bid as per the Revised Scheme for Non Competitive Bidding Facility in the auctions of State Government Securities of the General Notification.
The results of the auction would be displayed by the Reserve Bank of India on its website on the same day. Successful bidders will make payments on March 12, 2014 before close of banking hours by means of cash, banker’s cheque, pay order, demand draft payable at Reserve Bank of India, Mumbai or New Delhi or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort) or New Delhi. Interest will be paid on September 12 and March 12, 2014.
The stock will be of 10-year tenure and the tenure of stock will commence on March 12, 2014. The loan will be repaid at par on March 12, 2024.
-----balbirsingh227@gmail.com
CHANDIGARH, MARCH 7
The Haryana Government has notified the sale of Haryana Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 1290 crore (Nominal).
A notification to this effect has been issued by the Finance Department, Haryana.
The auction of the government stock will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai on March 11, 2014. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 11, 2014. The competitive bids would be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12 p.m. and the non competitive bids between 10.30 a.m. and 11.30 a.m.
The Government stock upto 10 per cent of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of one per cent of the notified amount for a single bid as per the Revised Scheme for Non Competitive Bidding Facility in the auctions of State Government Securities of the General Notification.
The results of the auction would be displayed by the Reserve Bank of India on its website on the same day. Successful bidders will make payments on March 12, 2014 before close of banking hours by means of cash, banker’s cheque, pay order, demand draft payable at Reserve Bank of India, Mumbai or New Delhi or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort) or New Delhi. Interest will be paid on September 12 and March 12, 2014.
The stock will be of 10-year tenure and the tenure of stock will commence on March 12, 2014. The loan will be repaid at par on March 12, 2024.
-----balbirsingh227
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