Fri. Nov 27th, 2020

RBI TO AUCTION RS. 100 CR GOA GOVT SOVEREIGN SECURITIES ON 27TH AUGUST

The Reserve Bank of India, will auction Rs. 100 crore, Goa Government Sovereign Securities on 27th August between 10:30 AM and 12:00 PM.

Bids for the auction has to be submitted by the bidders in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

According Goa Finance Secretary, Daulat Hawaldar, capital sought through sale of securities would be utilized for financing capital expenditure in connection with the development programmes of the Government of Goa.

The Goa Finance ministry has sought Consent of Central Government for floatation of the loan as required by Article 293(3) of the Constitution of India.

The state government will repay the loan at par on August 28, 2029.

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