BSE to start non-competitive bidding facilities in SDLs

Bombay Stock Exchange on Sunday said it will start a non-competitive bidding facility in State Development loans (SDLs) which will enable the retail investors to participate in these auctions through an online registration process.

The non-competitive bidding facility will be in addition to the government securities and treasury bills which are currently being offered through Bombay Stock Exchange(BSE)Direct App and website.

"SDLs are dated securities issued by state governments through normal auctions similar to the auctions conducted for dated securities issued by the central government, where interest is received semi-annually, and principal is repaid at maturity," BSE said in a statement.IANS