Government of Maharashtra bonds of 15, 17, 18 and 20 years worth Rs 2000 crore each for sale
Rs. 2,000 Crore Maharashtra Government bonds for 15 years tenure
March 20, Mumbai, Government of Maharashtra bonds of 15 years tenure of Rs. 2,000 crore auctioned subject to terms and conditions on 16 May 2019. A letter stating the amount received through this loan will be utilized for the development program of the government, according to Secretary of the Finance Department Shaila A.
10% of the (revised) bond amount will be allotted to eligible individual and institutional investors as per non-competitive auction method. However, a maximum of 1% of the total notified amount will be allotted to an investor. The auction will be conducted by the Reserve Bank of India at its office in Mumbai on 26 March 2024, while the auction bids are to be submitted on 26 March 2024 through computerized system, Reserve Bank of India, Core Banking Solution, ( e-Kuber) system.
In this competitive bids should be submitted through computerized system as per e-Kuber System between 10.30 AM to 11.30 AM. Whereas uncompetitive bids should be submitted between 10.30 AM to 11.00 AM as per e-Kuber system . The result of the auction will be published on the Reserve Bank of India website on the same day. Payments from successful bidders will be made on 27th March 2024 in cash, banker's cheque / provision order, demand draft or check payable to their account at Reserve Bank of India, Mumbai before closing of business hours.
Banks' investment in government securities shall be deemed eligible for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. Finance department informed that these bonds will be permissible for resale and purchase.
Rs. 2,000 Crore Maharashtra Government bonds for 17 years tenure
March 20, Mumbai, Government of Maharashtra bonds of 17 years tenure of Rs. 2,000 crore auctioned subject to terms and conditions on 16 May 2019. A letter stating the amount received through this loan will be utilized for the development program of the government , according to Secretary of the Finance Department Shaila A.
10% of the (revised) bond amount will be allotted to eligible individual and institutional investors as per non-competitive auction method. However, a maximum of 1% of the total notified amount will be allotted to an investor. The auction will be conducted by the Reserve Bank of India at its office in Mumbai on 26th March 2024, while the auction bids are to be submitted on 26th March 2024 through computerized system, Reserve Bank of India, Core Banking Solution, ( e-Kuber) system.
In this competitive bids should be submitted through computerized system as per e-Kuber System between 10.30 AM to 11.30 AM. Whereas uncompetitive bids should be submitted between 10.30 AM to 11.00 AM as per e-Kuber system. The result of the auction will be published on the Reserve Bank of India website on the same day. Payments from successful bidders will be made on 27th March 2024 in cash, banker's cheque / provision order, demand draft or checks payable to their account at Reserve Bank of India, Mumbai before closing of bank business hours.
The tenure of the bond is 17 years and the maturity of the bond will commence from 27 March 2024, while the bond will be repaid at full cost on 27 March 2041. The rate of interest will be equal to the coupon rate per cent per annum on the bonds sold in the auction. Interest will be paid semi - annually on September 27 and March 27 every year.
Banks' investment in government securities shall be deemed eligible for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949 . Finance department informed that these bonds will be permissible for resale and purchase .
Rs. 2,000 Crore Maharashtra Government bonds for 18 years tenure
March 20, Mumbai, Government of Maharashtra bonds of 18 years tenure of Rs. 2,000 crore auctioned subject to terms and conditions on 16 May 2019. A letter stating the amount received through this loan will be utilized for the development program of the government , according to Secretary of the Finance Department Shaila A.
10% of the (revised) bond amount will be allotted to eligible individual and institutional investors as per non-competitive auction method. However, a maximum of 1% of the total notified amount will be allotted to an investor. The auction will be conducted by the Reserve Bank of India at its office in Mumbai on 26 March 2024, while the auction bids are to be submitted on 26 March 2024 through computerized system, Reserve Bank of India, Core Banking Solution, ( e-Kuber) system.
In this competitive bids should be submitted through computerized system as per e-Kuber System between 10.30 AM to 11.30 AM. Whereas uncompetitive bids should be submitted between 10.30 AM to 11.00 AM as per e-Kuber system . The result of the auction will be published on the Reserve Bank of India website on the same day. Payments from successful bidders will be made on 27th March 2024 in cash, banker's cheque / provision order, demand draft or check payable to their account at Reserve Bank of India, Mumbai before closing of business hours.
The tenure of the debenture is 18 years and the tenure of the debenture will commence from 27th March 2024, while the debenture will be repaid at full cost on 27th March 2039. The rate of interest will be equal to the coupon rate per cent per annum on the bonds sold in the auction. Interest will be paid semi - annually on September 27 and March 27 every year.
Banks' investment in government securities shall be deemed eligible for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. Finance department informed that these bonds will be permissible for resale and purchase .
Rs. 2,000 Crore Maharashtra Government bonds for 20 years tenure
March 20, Mumbai, Government of Maharashtra bonds of 15 years tenure of Rs. 2,000 crore auctioned subject to terms and conditions on 16 May 2019. A letter stating the amount received through this loan will be utilized for the development program of the government, according to Secretary of the Finance Department Shaila A.
10% of the (revised) bond amount will be allotted to eligible individual and institutional investors as per non-competitive auction method. However, a maximum of 1% of the total notified amount will be allotted to an investor. The auction will be conducted by the Reserve Bank of India at its office in Mumbai on 26 March 2024, while the auction bids are to be submitted on 26 March 2024 through computerized system, Reserve Bank of India, Core Banking Solution, ( e-Kuber) system.
In this competitive bids should be submitted through computerized system as per e-Kuber System between 10.30 AM to 11.30 AM. Whereas uncompetitive bids should be submitted between 10.30 AM to 11.00 AM as per e-Kuber system . The result of the auction will be published on the Reserve Bank of India website on the same day. Payments from successful bidders will be made on 27th March 2024 in cash, banker's cheque / provision order, demand draft or check payable to their account at Reserve Bank of India, Mumbai before closing of business hours.
The tenure of the debenture is 20 years and the tenure of the debenture will commence from 27th March 2024, while the debenture will be repaid at full cost on 27th March 2044. The rate of interest will be equal to the coupon rate per cent per annum on the bonds sold in the auction. Interest will be paid semi-annually on September 27 and March 27 every year.
Banks' investment in government securities shall be deemed eligible for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. Finance department informed that these bonds will be permissible for resale and purchase .
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