Competitive and Non-Competitive Bids Welcome for Tamil Nadu Bonds

The Tamil Nadu government is set to offer 10-year and 30-year securities worth 2000 crore each, along with a re-issue of the 6.98% Tamil Nadu State Development Loan 2031 totaling 2000 crore, through a public auction, aiming for a total of 6000 crore. This auction, managed by the Reserve Bank of India in Mumbai on March 5, 2024, invites competitive bids from 10:30 A.M. to 11:30 A.M. and non-competitive bids from 10:30 A.M. to 11:00 A.M., all to be submitted electronically via the Reserve Bank of India Core Banking Solution (E-KUBER) System. Ensure timely participation for investment opportunities in Tamil Nadu government securities. This Notification was published on 29.02.2024.

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