Bids must be submitted by 26 October
The government will sell the auction dated securities to raise ₹125 crore with a tenure of six years. The securities will be issued with a minimum nominal amount of ₹10,000 and in multiples of ₹10,000 thereafter.
The auction will be conducted by the Reserve Bank of India, Mumbai Office (Fort) on Tuesday. Interested individuals, firms, companies, corporate bodies, institutions, provident funds, trusts, regional rural banks, co-operatives. Banks, etc., may submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 am to 11.00 am on October 26.
The competitive bids will be submitted electronically between 10.30 am to 11.30 am on the same day.
The result of the auction will be displayed by the Reserve Bank of India, Fort, Mumbai on the same day. Successful bidders should deposit the stock price amount covered by their bids by way of Banker’s Check or Demand Draft payable at Reserve Bank of India, Mumbai (Fort), or Chennai, before the close of banking hours on October 27.
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