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Haryana plans to sell securities

Chandigarh: The Haryana Government has notified the sale of Haryana State Government Stock (Securities) of tenure of 10 years for an aggregate amount of Rs 165.93 crores.

Stating this here on Wednesday, an official spokesman said the proceeds of the loans would be utilised for financing development programmes of the State Government.

The stock would be sold through Reserve Bank of India, Mumbai by auction at a coupon rate to be determined by the RBI at its Mumbai office on January 19, he said.

The result of the auction would be displayed by the RBI on the same day and the successful bidders would have to make the payment on January 20, the spokesman said.

The cut-off yield determined at the auction would be the coupon rate per cent per annum on the stock sold at the auction. -- UNI

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