Punjab government in consultation with Reserve Bank of India today floated Rs 500 crore loan to finance part of Capital Expenditure of Plan Schemes and other development schemes under execution.An official spokesman, said in Chandigarh that notified sale of Stock (Securities) will be for 10 year tenure for which consent of Central government has already been obtained.Stock would be sold through RBI Mumbai by auction that would be conducted by them in its Mumbai office tomorrow.The spokesman said that this 10 year tenure loan would be repaid at par on August 4, 2020. He said that interest will be paid every half yearly on February 04 and August 04 and cut off yield determined at the auction would be the coupon rate percent per annum of the stock sold at the auction.