The Government of Tamil Nadu has officially announced the issuance of 30-year securities, amounting to 2000 crore, and the reissue of the 6.83% Tamil Nadu State Development Loan 2031, also valued at 2000 crore, in the form of Stock to the Public through an auction, with an aim to reach a cumulative amount of Rs. 4000 crore. This auction will be meticulously facilitated by the Reserve Bank of India at its Mumbai Office, situated in Fort, Mumbai, on the scheduled date of March 12, 2024. Competitive bids will be entertained during the time frame of 10.30 A.M. to 11.30 A.M., while non-competitive bids are to be electronically submitted on the Reserve Bank of India Core Banking Solution (E-KUBER) System between 10.30 A.M. and 11.00 A.M. on the aforementioned date.
