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Goa government to raise Rs 250 crore through sale of government stock

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Digital Goa, Mar 20 – Goa govt has notified sale of Goa Government Stock (Securities) for an aggregate amount of Rs. 250 crore (Nominal). Two notifications have been issued one for sale of Goa Government Stock (Securities) of 15-year tenure for an aggregate amount of Rs. 150 crore (Nominal) and the other for sale of Goa Government Stock (Securities) of 10-year tenure for an aggregate amount of Rs. 100 crore (Nominal). The auction in both cases will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort, Mumbai 400 001 on March 26, 2024. The proceeds of the loans will be utilized for financing capital expenditure in connection with the development programmes of the Government of Goa, state the notifications.