The Government of Puducherry is auctioning dated securities for ₹100 crore with 10-year tenure.
Securities will be issued for a minimum amount of ₹10,000 and in multiples of ₹10,000 thereafter.
Auction will be conducted by the Reserve Bank of India, Mumbai Office (Fort), on January 23.
Interested persons, firms, companies, corporate bodies, institutions, Provident Fund, trusts, regional rural banks or cooperative banks might submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) available in the website www.rbi.org.in on January 23 between 10.30 a.m. and 11.30 a.m.
The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (e-Kuber) between 10.30 a.m. and noon on the same day.
The result of auction would be displayed by the Reserve Bank of India, Fort, Mumbai, the same day on the website.
The successful bidders should deposit the price amount of the stock covered by their bids by means of a banker's cheque or demand draft payable at the Reserve Bank of India, Mumbai (Fort), or Chennai on January 24 before the close of banking hours, the release said.
The Government Stock will bear interest at the rate determined by the Reserve Bank of India at the auction.
The stocks would qualify for Ready Forward Facility.
