Assam government to auction 10-year tenure securities

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Bids in physical format will no longer be allowed in State Development Loan auctions, except in rare situations as specified by the Reserve Bank of India.
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Guwahati: Assam government on Thursday proposed to sell ten-year tenure dated securities by auction at Mumbai Office on September 28, 2021.

The auction will be conducted by the Reserve Bank of India .

An official release said the government decided to sell the dated securities for an amount of Rs. 600 crore with 10-year tenure by auction.

All competitive bids may be submitted electronically via Reserve Bank of India Core Banking Solution (E-Kuber) System between 10:30 A.M. and 11.30 A.M. on the day of the auction, as hitherto, official stated said.

Meanwhile, non-competitive bids may be submitted only electronically on the CBS between 10:30 A.M. and 11.00 A.M. on the day of auction.

After 11 A.M, no bids under the Non-Competitive Bidding Scheme will be allowed, release added.

Bids in physical format will no longer be allowed in State Development Loan auctions, except in rare situations as specified by the Reserve Bank of India.

The results will be displayed on the RBI website on the same day of auction. On September 29, 2021, successful bidders will be paid, according to official.

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