Auction for Sale (re-issue) of Government Stock Dated 22nd September, 2014
PRESS
COMMUNIQUE
Government of India have
announced the Sale (re-issue) of
(i) “8.27 per cent
Government Stock 2020” for a notified
amount of ` 2,000 crore (nominal) through price based auction,
(ii) “8.60 per cent
Government Stock 2028” for a notified amount of ` 6,000
crore (nominal) through price based
auction ,
(iii) “9.20 per cent
Government Stock 2030” for a notified amount of ` 2,000
crore (nominal) through price based auction,
and (iv) “8.30 per cent Government Stock 2042” for a notified amount of ` 2,000
crore (nominal) through price based auction. The auctions will be conducted
using Multiple price method. The auctions will be conducted by the
Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 26, 2014
(Friday).
2. 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.
3. 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 September 26, 2014. 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.
4. The result of the auctions will be announced
on September 26, 2014 and payment by successful bidders will be on September
29, 2014 (Monday).
5. 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 vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from
time to time.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC
AFFAIRS
BUDGET DIVISION
NORTH BLOCK, NEW
DELHI-110001
Dated, the September 22,
2014
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