The reserve bank of India, will auction RS. 100 crore, Goa Government Stock (Securities) on 22nd October 2019. According to Goa Finance Secretary, Puneet Kumar Goel “The proceeds of the loans will be utilized for financing capital expenditure in connection with the development programmes of the Government of Goa”.
Goel said that the government stock will be sold through the Reserve Bank of India, Mumbai Office by auction at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats.
The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:30 a.m. and 12:00 p.m.