Buyback of State Development Loans (SDLs)

By RBI
Wednesday, March 31, 2010
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The Reserve Bank of India made secondary market purchases of State Development Loans (SDLs) as part of the buyback operations by the State Government of Mizoram. As notified by the Government of Mizoram vide its notification no. G.16035/111/2009-FEA dated Feb 5, 2010, the securities stand prematurely redeemed to the extent of the amounts bought back. The details of security wise amounts bought back and the current outstanding stock (after premature redemption of stock bought back) in these securities is given below.

 

(Rs. Crore)

Sl No.

Security

Date of Maturity

Outstanding on Feb 5, 2010 (dt of notification of buy back)

Total Amount Bought so far

Balance Outstanding as on date

1.

10.52% Mizoram SDL 2010

Apr 25, 2010

20.00

13.96

6.04

2.

12.00% Mizoram SDL 2010

Sep 26, 2010

14.97

4.474

10.496

3.

10.35% Mizoram SDL 2011

May 8, 2011

10.32

3.80

6.52

Total

45.29

22.234

23.056

Ajit Prasad
Manager

Press Release : 2009-2010/1331
Filed under: Finance

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