GOVERNMENT OF KERALA
NOTIFICATION
Government of Kerala hereby notifies the Re-issue of 7.86% Kerala SGS 2042, issued
on April 15, 2026 for an aggregate amount of ₹1000 crore (Nominal). The sale will be subject
to the terms and conditions spelt out in this notification (called specific Notification) as also the
terms and conditions specified in the General Notification No. SS-1/372/2025/Fin dated May 06,
2026 of Government of Kerala.
Dated, Thiruvananthapuram, 10 th September, 2026.
SS-1/302/2026-FIN.
Finance Department
©
േകരള സർകാർ
Government of Kerala
2026
േകരള ഗസറ്
KERALA GAZETTE
അസാധാരണം
EXTRAORDINARY
ആധികാരികമായി ്പസിദെപടുതുനത
PUBLISHED BY AUTHORITY
Regn.No. KERBIL/2012/45073
dated 05-09-2012 with RNI
Reg No.KL/TV(N)/634/2021-2023
വാല്ം 15
Vol. XV
തിരുവനനപുരം,
വ്ാഴം
Thiruvananthapuram,
Thursday
2026 െസപറംബർ 10
10th September 2026
1202 ചിങം 25
25th Chingam 1202
1948 ഭാ്ദം 19
19th Bhadra 1948
നമർ
No.
2474
This is a digitally signed Gazette.
Authenticity may be verified through https://compose.kerala.gov.in/
Object of the Loan
1. (i) The proceeds of the loan will be utilized for financing productive development
programmes and projects to be implemented in the State.
(ii) Consent of Central Government has been obtained to the floatation of this loan as
required by Article 293(3) of the Constitution of India.
Method of Issue
2.
Government Stock will be sold through the Reserve Bank of India, Mumbai Office
(PDO), Fort, Mumbai-400 001 by auction in the manner as prescribed in paragraph 6.1 of the
General Notification No. SS-1/372/2025/Fin dated May 06, 2026 at a coupon rate to be
determined by the Reserve Bank of India at the Price based auction under multiple price formats.
Allotment to Non-Competitive Bidders
3.
The Government Stock up to 10% of the notified amount of the sale will be allotted to
eligible individuals and institutions subject to a maximum limit of 1% of the notified amount for
a single bid as per the Revised Scheme for Non-competitive Bidding Facility in the Auctions of
State Government Securities of the General Notification (Annexure-II).
Place and Date of Auction
4.
The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, Fort,
Mumbai, 400 001 on September 15, 2026. Bids for the auction should be submitted in
electronic format, on the Reserve Bank of India Core Banking Solution (E-Kuber) system as
stated below on September 15, 2026.
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India
Core Banking Solution (E-Kuber) system between 10:30 A.M. and 11:30 A.M.
(b) The non- competitive bids shall be submitted electronically on the Reserve Bank of India
Core Banking Solution (E-Kuber) system between 10:30 A.M. and 11:00 A.M.
Result of the Auction
5.
The result of the auction shall be displayed by the Reserve Bank of India on its website
on the same day. The payment by successful bidders will be on September 16, 2026.
Method of Payment
6.
Successful bidders will make payments on September 16, 2026 before close of banking
hours by means of cash, bankers’ cheque/pay order, demand draft payable at Reserve Bank of
India, Mumbai/Thiruvananthapuram or a cheque drawn on their account with Reserve Bank of
India, Mumbai (Fort)/Thiruvananthapuram.
2
This is a digitally signed Gazette.
Authenticity may be verified through https://compose.kerala.gov.in/
Tenure
7. The Stock will be of 16-year tenure from the date of commencement on April 15, 2026.
Date of Repayment
8.
The loan will be repaid at par on April 15, 2042.
Rate of Interest
9. Interest at the rate of 7.86% per annum will accrue on the nominal value of the stock from
the date of original issue date and will be paid half yearly on October 15 and April 15.
Eligibility of Securities
10. The investment in Government Stock will be reckoned as an eligible investment in
Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under
Section 24 of the Banking Regulation Act 1949. The stocks will qualify for the ready forward
facility.
By order and in the name of the Governor of Kerala,
Ajit Patil
Secretary, Finance Resources
3
This is a digitally signed Gazette.
Authenticity may be verified through https://compose.kerala.gov.in/
____________________________________________________________________________________________________________________________
PUBLISHED BY THE SUPERINTENDENT OF GOVERNMENT PRESSES
AT THE GOVERNMENT CENTRAL PRESS, THIRUVANANTHAPURAM, 2026
