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.5,385.000 crores.
Sr. State
of Auction Notified Amount Tenor of SDL Type
No. Detail
(Rs.Crore) (in years)
01 Andhra Pradesh 750.000
10 Yield Based
02 Gujarat * 800.000 10 Yield
Based
03 Haryana 550.000
10 Yield Based
04 Jharkand 500.000
10 Yield Based
05 Karnataka * 750.000
04 Yield Based
06 Kerala 1000.000
10 Yield Based
07 Sikkum 35.000
10 Yield Based
08 Tamil Nadu * 1000.000 10 Yield
Based
----------
Total 5385.000
========
* Governments of Gujarat
will have an option to retain additional subscription up to a maximum of Rs.200
Crore (nominal) & Governments of Karnataka & Tamil Nadu will also have
an option to retain additional subscription up to a maximum of Rs.250 Crore
each over and above the notified amount.
$ It may be noted that
Government of Karnataka has offered to issue new 4 year security by way of
auction. All State Development Loan auctions will be conducted under
multiple price format.
Please feel free to contact us for any clarification.
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