Reserve Bank of India permits trading in Power Bonds maturing on October 1, 2015 and April 1, 2016

The Reserve Bank of India has permitted transfer of/trading in the Power Bonds maturing on October 1, 2015 and April 1, 2016, issued by various States to the Central Public Sector Undertakings (CPSUs) in terms of the Tripartite Agreement among 27 State Governments, Ministry of Power, Government of India and the Reserve Bank of India under One Time Settlement Scheme for dues of State Electricity Boards with effect from April 1, 2011.

It may be recalled that, as provided in the Tripartite Agreement, these bonds were envisaged to be released for trading in a phased manner. Fourteen bonds maturing on October 1, 2008, April 1, 2009, October 1, 2009, April 1, 2010, October 1, 2010, April 1, 2011, October 1, 2011, April 1, 2012, October 1, 2012, April 1, 2013, October 1, 2013, April 1, 2014, October 1, 2014, and April 1, 2015 have already been made tradable.

Ajit Prasad
Assistant General Manager

Press Release: 2010-2011/1416