Assam Government offers to sale dated securities for Rs. 800 crore by auction.
The Assam Government has offered to trade the dated securities for an amount of Rs 800 Crore with a tenure of 10 year through auction.
The auction will be held by the Reserve Bank of India on September 20, 2022 at Mumbai Office, Fort, Mumbai- 400001.
All competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System.
It is likely that CBS members shall route their competitive bids through a CBS member. This may be submitted between 10:30 A.M. on the day of the auction.
The result of the auction will be displayed on the RBI website on the day of auction and the payment by successful bidders will be made the next day, the release added.
The rate of interest, which is the cut-off yield determined at the auction, will be the coupon rate per cent per annum on the stock sold at the auction.
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