Government of Tamil Nadu Announces Securities Sale

The Tamil Nadu Government has announced the offering of 10-year securities worth Rs. 2000 crore and 30-year securities worth Rs. 4000 crore to the public through auction, totaling Rs. 6000 crore. The auction will be overseen by the Reserve Bank of India at its Mumbai office in Fort, Mumbai, on March 26, 2024. Competitive bids will be accepted from 10.30 a.m. to 11.30 a.m., while noncompetitive bids can be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) System from 10.30 a.m. to 11 a.m. on March 26, 2024. This notification was published on March 20, 2024.