News Brief | November 2016
AP to issue securities worth Rs.8,256 crore under UDAY
The Andhra Pradesh government has proposed issuance of special securities worth Rs.8,256.01 crore under the UDAY scheme. The securities will have a face value of Rs.100 issued in equal strips with a maturity at the end of 10th, 11th, 12th, 13th, 14th and 15th year, the RBI said in a statement. ´An investor will be required to purchase entire structure and the bid amount will be uniformly distributed across all tenors´ it said, adding the minimum size of the bid will be R100 crore. Allotment of securities and settlement will take place on October 18, RBI added.
Contact: Govt. Of Andhra Pradesh