�ेस �काशनी PRESS RELEASE

भारतीय �रज़वर् ब�क

RESERVE BANK OF INDIA
संचार िवभाग, क� �ीय कायार्लय, एस.बी.एस.मागर्, मुंबई-400001 0वेबसाइट : www.rbi.org.in/hindi
_____________________________________________________________________________________________________________________
Department of Communication, Central Office, S.B.S.Marg, Mumbai-400001 Website : www.rbi.org.in
फोन/Phone: 022- 22660502 ई-मेल/email: [email protected]

January 21, 2021

Auction of State Government Securities

The following State Governments/ Union Territories have offered to sell securities
by way of an auction, for an aggregate amount of ₹16,000 Cr. (Face Value).

Amount Additional
Sr. to be Borrowing Tenure Type of
State/ UT
No. Raised (Greenshoe) (Yrs) Auction
(₹ Cr) Option (₹ Cr)
1. Chhattisgarh 1000 - 6 Yield
2. Gujarat 500 - 10 Yield
3. Haryana 2000 - 20 Yield
Himachal 500 - 10 Yield
4.
Pradesh 500 - 12 Yield
Re-issue of 6.61%
Madhya Pradesh SDL Price
5. Madhya Pradesh 1000 -
2037 Issued on
January 20, 2021
6. Puducherry 250 - 4 Yield
500 - 4 Yield
7. Rajasthan 500 500 10 Yield
500 - 20 Yield
Re-issue of 6.60%
Tamil Nadu SDL 2029
1000 - Price
Issued on June 24,
2020
8. Tamil Nadu
Re-issue of 6.63%
Tamil Nadu SDL 2055
1500 - Price
Issued on July 08,
2020
9. Telangana 750 250 30 Yield
10. Uttar Pradesh 3500 - 10 Yield
11. West Bengal 2000 - 10 Yield
Total 16000

The auction will be conducted on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on January 25, 2021 (Monday). The Government Stock up
to 10% of the notified amount of the sale of each stock will be allotted to eligible
individuals and institutions subject to a maximum limit of 1% of its notified amount for a
single bid per stock as per the Scheme for Non-competitive Bidding Facility.
 2

Both competitive and non-competitive bids for the auction should be submitted in
electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system
on January 25, 2021 (Monday). The non-competitive bids should be submitted
between 10.30 A.M. and 11.00 A.M. and the competitive bids should be submitted
between 10.30 A.M. and 11.30 A.M.

In case of technical difficulties, Core Banking Operations Team (email; Phone no:
022-27595666, 022-27595415, 022-27523516) may be contacted.

For other auction related difficulties, IDMD auction team can be contacted (email;
Phone no: 022-22702431, 022-22705125).

Only in the event of system failure, physical bids would be accepted. Such
physical bids should be submitted to the Public Debt Office (email; Phone no: 022-
22632527, 022-22701299) in the prescribed form obtainable from RBI website
(https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.

The yield percent per annum expected by the bidder should be expressed up to
two decimal points. An investor can submit more than one competitive bid at
same/different rates of yield or prices in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids
submitted by a bidder should not exceed the notified amount for each State.

The Reserve Bank of India will determine the maximum yield /minimum price at
which bids will be accepted. Securities will be issued for a minimum nominal amount of
₹10,000.00 and multiples of ₹10,000.00 thereafter.

The results of the auction will be announced on January 25, 2021 (Monday) and
payment by successful bidders will be made during banking hours on January 27, 2021
(Wednesday) at Mumbai and at respective Regional Offices of RBI.

The State Government Stocks will bear interest at the rates determined by RBI at
the auctions. For the new securities, interest will be paid half yearly on July 27 and
January 27 of each year till maturity. The Stocks will be governed by the provisions of
the Government Securities Act, 2006 and Government Securities Regulations, 2007.

The investment in State Government Stocks will be reckoned as an eligible

investment in Government Securities by banks for the purpose of Statutory Liquidity
Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will
qualify for the ready forward facility.

Ajit Prasad
Press Release: 2020-2021/979 Director