Sat. Nov 28th, 2020

RBI TO AUCTION RS. 100 CRORE GOA GOVERNMENT SOVEREIGN BONDS ON 8TH SEPT

According to Puneet Kumar Goel, Principal Secretary (Finance) Government of Goa hereby notifies the sale of Goa Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 100.00 crore (Nominal). The proceeds of the loans will be utilized for financing capital expenditure in connection with the development programmes of the Government of Goa.

The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai 400 001 on September 08, 2020. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system as stated below on September 08, 2020.

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 11:30 a.m. The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 11.00 a.m.

The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on September 09, 2020. The loan will be repaid at par on September 09, 2030.

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