issue of ‘7 per cent oil companies’ government of india special bonds - press note
Friday, September 09, 20
Government of India have announced the issue of ‘7 per cent Oil Companies’ Government of India Special Bonds, 2012 for liquidating outstanding claims of Oil Companies aggregating to Rs.5762.85 crore against Oil Pool Account. The Special Bonds will be issued at par on September 9, 2005 (Friday).
The investment in the Special Bonds will not be reckoned as an eligible investment for purpose of Statutory Liquidity Ratio (SLR).
The Special Bonds will be transferable and eligible for market ready forward transaction (Repo). The bonds, however, not be an eligible underlying security for ready forward transactions (Repo/Reverse Repo) with the Reserve Bank of India.
Department of Economic Affairs, Ministry of Finance
