Haryana to raise Rs 1,000 cr through g-secs sale

The Haryana government today said it has notified the sale of government securities of 10-year tenure for an aggregate Rs 1,000 crore (nominal).
A notification to this effect has been issued by the state Finance Department, said an official release here.
As per the notification, the proceeds of the loan will be utilised to finance state plan outlay in connection with development programmes.
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 for a single bid, as per the revised scheme for non-competitive bidding.