MANU/RPRL/0237/2016

Ministry : Reserve Bank of India

Department/Board : RBI

Press Release No. : 2016-2017/707

Date : 19.09.2016

Private Placement of Special Securities under UDAY scheme.

The Punjab Government proposes to issue Special Securities of a notified amount of 559.12 cr, under the Ujjwal Discom Assurance Yojna Scheme (UDAY). Eligible market participants interested in subscribing to these Special Securities are advised to send their bids as per the format given below to Email between 10.30 am to 12.00 noon on September 22, 2016 (Thursday).

Investor name	Spread offered over 10 year FIMMDA yield	Amount to be subscribed

Allotment of securities and settlement will take place on September 23, 2016 (Friday). The terms and conditions of the issuance are as under:

1. The Special Securities will have a face value of ` 100.

2. Securities will be issued in equal strips with a maturity at the end of 6th, 7th, 8th, 9th and 10th year. An investor will be required to purchase entire structure and the bid amount will be uniformly distributed across all tenors.

3. Minimum size of bid will be ` 100 crore.

4. Base rate will be the yield on FIMMDA 10 year Government of India G-sec yield as at close of September 21, 2016.