Maharashtra Government’s 12, 13, 14, and 15-Year Bonds Worth ₹1,000 Crore for Sale

Maharashtra Government’s 12-Year Bonds Worth ₹1,000 Crore for Sale

Mumbai : The Maharashtra government is set to issue and sell ₹1,000 crore worth of 7.17% Maharashtra Government Bonds, 2037, maturing in 12 years. The bonds, issued on February 27, 2025, will be sold under the revised notification terms and conditions. The funds raised from these bonds will be utilized for the state’s developmental projects, according to a statement from Finance Secretary Shaila A.

As per the revised non-competitive bidding process, 10% of the total notified bond amount will be allocated to eligible individual and institutional investors. However, a single investor can receive a maximum of 1% of the total notified amount.

The Reserve Bank of India (RBI) will conduct the auction on March 4, 2025, at its Mumbai office. Bids must be submitted electronically via the e-Kuber system between 10:30 AM and 11:30 AM for competitive bids, and 10:30 AM to 11:00 AM for non-competitive bids. The auction results will be published the same day on the RBI website. Successful bidders must make payments by March 5, 2025, via cash, bankers’ cheques, demand drafts, or account transfers to the RBI, Mumbai.

The bonds will have a 12-year tenure, starting from February 27, 2025, and will be repaid in full on February 27, 2037. The interest rate is 7.17% per annum, payable semi-annually on August 27 and February 27 each year.

Investments in these government bonds by banks will qualify under the Statutory Liquidity Ratio (SLR) requirement as per Section 24 of the Banking Regulation Act, 1949. These bonds will also be eligible for secondary market trading, according to the finance department.

Maharashtra Government’s 13-Year Bonds Worth ₹1,000 Crore for Sale

Mumbai : The Maharashtra government has announced the sale of 7.18% Maharashtra Government Bonds, 2038, worth ₹1,000 crore, maturing in 13 years. The bonds, issued on February 27, 2025, will be sold under the revised notification terms. The proceeds will be used for state development projects, as per Finance Secretary Shaila A.

The auction will be held on March 4, 2025, by the RBI at its Mumbai office. Bids must be submitted electronically via the e-Kuber system during the designated time slots. The results will be published on the RBI website the same day. Successful bidders must make payments by March 5, 2025 through authorized payment methods.

The tenure of these bonds is 13 years, starting from February 27, 2025, with full repayment on February 27, 2038. The interest rate is 7.18% per annum, payable semi-annually on August 27 and February 27 each year. These bonds will also qualify for SLR requirements and will be tradable in the secondary market.

Maharashtra Government’s 14-Year Bonds Worth ₹1,000 Crore for Sale

Mumbai : The Maharashtra government will issue 7.18% Maharashtra Government Bonds, 2039, worth ₹1,000 crore, with a 14-year maturity period. These bonds will be auctioned and sold under the revised notification terms, with funds allocated for state development projects.

The auction will take place on March 4, 2025, at RBI Mumbai. Bids must be submitted electronically through e-Kuber within the designated time slots. Payments from successful bidders must be made by March 5, 2025, through approved methods.

These 14-year bonds will mature on February 27, 2039, with an annual interest rate of 7.18%, payable semi-annually on August 27 and February 27. They will qualify under the SLR requirement and will be available for trading in the secondary market.

Maharashtra Government’s 15-Year Bonds Worth ₹1,000 Crore for Sale

Mumbai : The Maharashtra government is offering 7.19% Maharashtra Government Bonds, 2040, worth ₹1,000 crore, with a 15-year tenure. These bonds will be issued and sold under the revised terms and conditions.

The auction will be held on March 4, 2025, at RBI Mumbai, with electronic bid submissions via e-Kuber. Payments must be made by March 5, 2025.

The bonds will mature on February 27, 2040, with a 7.19% annual interest rate, payable semi-annually on August 27 and February 27. They will be SLR-compliant and tradable in the secondary market.