With reference to the above subject we wish to bring to your kind notice that Eight State Governments has announced the sale of their dated State Development Loans for an aggregate amount of Rs.7,550.000 crores.
Sr. State Notified Amount Tenor of SDL Type of Auction
No. Detail (Rs. Crore) (in years)
01 Arunachal Pradesh 50.000 10 Yield Based
02 Gujarat * 800.000 10 Yield Based
03 Karnataka 1000.000 Re-issue($) Price Based
04 Maharashtra 1000.000 10 Yield Based
05 Rajasthan 500.000 10 Yield Based
06 Tamil Nadu * 1200.000 10 Yield Based
07 Uttar Pradesh 1000.000 10 Yield Based
08 West Bengal 2000.000 10 Yield Based
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Total 7550.000
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* Governments of Gujarat and Tamil Nadu will also have an option to retain additional subscription up to a maximum of Rs.200 Crore (nominal) & Rs.300 Crore respectively over and above the notified amount.
It may be noted that Government of Karnataka has offered to re-issue 8.67% Karnataka SD Loan 2017 by way of auction. All State Development Loan auctions will be conducted under multiple price format.
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