Government of India issues 7% Fertilizer Companies' GOI Special Bonds, 2022

Government of India have announced the issue of 7.00 per cent Fertilizer Companies Government of India Special Bonds, 2022 for Rs. 10,000 crore (nominal). The Special Bonds are being issued at par to 23 Fertilizer Companies (list enclosed) as compensation towards fertilizer subsidy during the current financial year on December 10, 2008 (Wednesday)

The investment in the Special Bonds by the banks and Insurance Companies will not be reckoned as an eligible investment in Government securities for their statutory requirements. However, such investment by the insurance companies will be eligible to be reckoned as investment under "other Approved Securities" category as defined under Insurance Regulatory and Development Authority (Investment) Regulations, 2000. Further, the investment by the Provident Funds, Gratuity Funds, Superannuation Funds, etc. in the Special Bonds will be treated as an eligible investment under the administrative order of the Ministry of Finance.

The Special Bonds will be transferable and eligible for market ready forward transactions (Repo).

Following is the list of eligible Companies and allocation of ‘7.00 per cent Fertilizer Companies Government of India Special Bonds, 2022'.

(Rs. in crore)

Source : Press Information Bureau

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