Auction for Sale (Re-issue) of Government Stock

Auction for Sale (Re-issue) of Government Stock 

            The Government of India have announced the Sale (issue/re-issue) of (i) “7.35 per cent Government Stock 2024” for a notified 

amount of Rs. 2,000 crore (nominal) through price based auction, 

(ii) “New Government Security maturing on March 20, 2029” for a notified amount of Rs. 7,000 crore (nominal) through yield based auction, (iii) “8.24 per cent Government Stock  2033” for a notified amount of Rs. 3,000 crore (nominal) through price based auction,  

and (iv) “8.13 per cent Government Stock 2045” for a notified 

amount of  Rs. 3,000 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(RBI), 

Mumbai Office, Fort, Mumbai on October 16, 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 October 16, 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 October 16, 2015 and payment by successful bidders will be October 19, 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.