News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Latest Circulars »
 Micro, Small and Medium Enterprises (MSME) sector Restructuring of Advances
 Resolution Framework for COVID-19-related Stress
 Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra
 Notification No. 56/2020 CENTRAL BOARD OF DIRECT TAXES
 12 LPA-Opening Chartered Accountant, Finance
  Implementation of Indian Accounting Standards
 Notification No. 50/2020 CENTRAL BOARD OF DIRECT TAXES
  Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020
  Publication of RBI-Occasional Papers-Vol. 41, No.1, 2020
 RBI-Fair Practices Code for Asset Reconstruction Companies
  Gujarat State Road Development Corporation Ltd, Gandhinagar, Gujarat

Private Placement of Special Securities of Andhra Pradesh under UDAY scheme
October, 14th 2016

Andhra Pradesh Government proposes to issue Special Securities of a notified amount of 8,256.01crore, under the Ujjwal Discom Assurance Yojna Scheme (UDAY). Eligible market participants interested in subscribing to these Special Securities are advised to email their bids as per the format given below between 10.30 am to 12.00 noon on October 17, 2016 (Monday).

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

Allotment of securities and settlement will take place on October 18, 2016 (Tuesday). 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 10th, 11th, 12th, 13th, 14th and 15th 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 10 year FIMMDA G-sec yield as at close of October 14, 2016.

  5. The uniform spread (with a cap of 75 bps over 10 year GoI FIMMDA yield) offered by the bidder will be added to the base rate to arrive at the coupon to be paid on semiannual basis.

  6. Successful bidders will be determined on the basis of competitive spread.

  7. The Reserve Bank of India will have the discretion to accept or reject any/all bids at its sole discretion.

It may be recalled that the Ministry of Power, Government of India on November 20, 2015 issued an Office Memorandum (No 06/02/2015-NEF/FRP) on “UDAY (Ujjwal Discom Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2016-2017/909

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting