: In a bid to mobilise funds for development projects, the government is issuing bonds worth Rs.500 crore under the open market borrowing scheme. The bonds will have a term of 10 years.
The auction will be held in the Mumbai Fort office of the Reserve Bank of India on April 26. Bids can be submitted in electronic format under the RBI core banking solution named e-kuber. The competitive bids can be submitted from 10.30 a.m. to 12 noon while the no-competitive bids can be filed from 10.30 a.m. to 11.30 a.m. Details can be downloaded from the websitewww.finance.kerala.gov.in
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