Haryana to raise Rs 600 cr

Haryana government has notifiedthe sale of Haryana Government Stock (Securities) for an aggregate amount of Rs 600 crore (Nominal) for two categories of Rs 300 crore each, one for tenure of two years and other for 10 years.

Haryana government has notifiedthe sale of Haryana Government Stock (Securities) for an aggregate amount of Rs 600 crore (Nominal) for two categories of Rs 300 crore each, one for tenure of two years and other for 10 years.

HT Image

A notification to this effect has been issued by the Finance Department, Haryana, said an official release As per the notification, the proceeds of the loan will be utilised to finance state plan outlay in connection with the development programmes of the state government, it said.

The tenure of stock for both will commence on August 13,2014 and the loan will be repaid at par on August 13, 2016 for the one meant for two-year and August 13, 2024 for the stock meant for 10-year, it added.