Haryana notifies Rs 800-crore stock

The Haryana government today notified the sale of state government stock (Securities) of 10-year tenure for an aggregate amount of Rs 800 crore (Nominal).
An official notification said here that the proceeds of the loan will be utilised for financing plan outlay in connection with the development programmes of the state government.
The auction of the government stock will be conducted by the Reserve Bank of India, at its Mumbai Office on January 29, 2014.
Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 29, 2014, the release said.

The stock will be of 10 years tenure and the tenure of stock will commence on January 30, 2014, the release said, adding the loan will be repaid at par on January 30, 2024.