Haryana notifies sale of govt stock to raise Rs 1,000 cr

Haryana government today said it has notified the sale of Haryana Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs 1,000 crore (Nominal).
A notification to this effect has been issued by the Haryana Finance Department, said an official release.
As per the notification, the proceeds of the loan will be utilized to finance state plan outlay in connection with the development programmes of the state government, it said.
The auction of the government stock will be conducted by the Reserve Bank of India on August 25, 2015.
The Government stock up to 10 per cent of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of one per cent of the notified amount for a single bid as per the Revised Scheme for Non Competitive Bidding Facility in the auctions of State Government Securities of the General Notification, it said.