The reserve bank of India will auction Rs. 100 crore Goa Governments sovereign securities on 5th January 2021, between 10:30 a.m. and 11:30 a.m through its Core Banking Solution (E-Kuber) system.
According to Goa Principal Finance Secretary, Puneet Goel “The sale will be subject to the terms and conditions spelt out in this notification (called specific notification) as also the terms and conditions specified in the General Notification No. 1-45-2005/Fin (DMU)/572 dated April 25, 2017 of Government of Goa”.
The proceeds of the loans will be utilized for financing capital expenditure in connection with the development programmes of the Government of Goa. The loan will be repaid at par on January 06, 2031.
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 January 06, 2021. Successful bidders will make payments on January 06, 2021 before close of banking hours by means of cash, bankers’ cheque/ pay order, demand draft payable at Reserve Bank of India, Mumbai/Mumbai or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort)/Mumbai, said Goel .