The Haryana government has notified the sale of Haryana government stock (securities) of 10-year tenure for an aggregate amount of Rs 800 crore (nominal).
A notification to this effect has been issued by the Haryana finance department. As per the notification, the proceeds of the loan will be utilised for financing capital expenditure in connection with the development programmes of the state.
The auction of the government stock will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai on October 26.
Bids for the auction should be submitted in electronic format, on the Negotiated Dealing System (NDS) on October 26. The competitive bids should be submitted electronically on the NDS between 10.30 am and 12.30 pm and non competitive bids between 10.30 am and 11.30 am.
The government stock upto 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of one per cent of the notified amount for a single bid as per the revised scheme for non-competitive bidding facility in the auctions of state government securities of the general notification.