Auction
for Sale (Re-Issue) of ‘Government Stocks
The Government of
India have announced the Sale (issue/re-issue) of (i) “7.68 per cent Government
Stock 2023” for a notified amount of Rs. 3,000 crore (nominal)
through price based auction, (ii) “7.72 per cent Government Stock
2025” for a notified amount of Rs. 6,000 crore (nominal) through price
based auction, (ii) “8.24 per cent Government Stock 2033” for a
notified amount of Rs. 3,000 crore (nominal) through price based
auction, and (iv) “New 30 year Government Stock 2045” for a notified amount
of Rs. 3,000 crore (nominal) through yield based auction,.
The auctions will be conducted using multiple price method.
The auctions will be conducted by the Reserve Bank of India (RBI),
MumbaiOffice, Fort, Mumbai on June 19, 2015 (Friday)..................
Up to 5% of the
notified amount of the sale of the stocks will be allotted to
eligible individuals and Institutions as per the Scheme for Non-Competitive
Bidding Facility in the Auction of Government Securities.......................
Both competitive and
non-competitive bids for the auction should be submitted in electronic format
on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June
19, 2015. The non-competitive bids should be submitted between 10.30 a.m.
and 11.30 a.m. and the competitive bids should be submitted between
10.30 a.m. and 12.00 noon. .......................
The result of the
auctions will be announced on June 19, 2015 and payment by
successful bidders will be on June 22, 2015 (Monday). .....
The Stocks will be
eligible for “When Issued” trading in accordance with the guidelines on ‘When
Issued transactions in Central Government Securities’ issued by the
Reserve Bank of India (RBI) vide circular No. RBI/2006-07/178 dated November
16, 2006 as amended from time to time.
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