Auction for Sale (Re-Issue) of Government Stocks
Auction for Sale (Re-Issue) of
Government Stocks
The Government of India have announced the Sale (re-issue) of (i) “7.35
per cent Government Stock 2024” for a notified amount of Rs. 3,000
crore (nominal) through price based auction,
(ii)“7.88 per cent Government Stock 2030” for a notified amount of Rs. 6,000 crore (nominal) through price based auction, (iii) “7.95 per cent Government Stock 2032” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, and (iv) “8.17 per cent Government Stock 2044” for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted usingmultiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on June 26, 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 26, 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 26, 2015 and
payment by successful bidders will be on June 29, 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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Media Persons requested to refrain from writing News
Items/Articles based on Speculation about the Outcome of Selection Process for
the Post of MD & CEO of Five Public Sector Banks (PSBs)
Some news items have appeared in certain section of media
about the outcome of selection process for the post of MD & CEO of five Public
Sector Banks (PSBs) recently. Most of these items are based on speculation
which are far from truth. Such news items based on speculative names create
unnecessary confusion not only among the candidates who are part of the
selection process but also among the members of public at large. It may be
mentioned that the process of selection is kept confidential and, therefore,
the result can only be known after the approval of the Appointments Committee
of Cabinet (ACC).
Therefore, it would be appreciated if the media persons
refrain from writing news items/articles based on speculation.
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