Government
of India have announced the sale (re-issue) of (i)
“8.07 percent Government Stock 2017-JUL” for a notified amount of Rs. 4,000 crore (nominal)
through price based auction, (ii)
“8.15 percent Government Stock 2022” for a notified amount of Rs. 7,000 crore (nominal)
through price based auction, (iii) “8.97 percent Government Stock 2030”
for a notified amount of Rs. 3,000 crore (nominal) through price based
auction; and (iv) “8.33 percent Government Stock 2036” for a notified
amount of Rs.
2,000 crore (nominal) through price based auction. The auctions will be
conducted using uniform price method. The auctions will be conducted by
the Reserve Bank of India, Mumbai Office, Fort, Mumbai
on September 07, 2012 (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 Negotiated Dealing System (NDS) on September 07, 2012.
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 September 07, 2012 and payment by
successful bidders will be on September 10, 2012 (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 vide circular No. RBI /2006-07/178 dated November
16, 2006 as amended from time to time.
Department of
Economic Affairs, Ministry of Finance
New Delhi: Bhadrapada 12, 1934; September 03, 2012
DSM/RS/GN