Government of India have announced the sale (re-issue) of (i) “7.83 per cent Government Stock 2018” for a notified amount of Rs.3,000 crore (nominal), (ii) “8.33 per cent Government Stock 2026” for a notified amount of Rs. 6,000 crore (nominal), (iii) “8.97 per cent Government Stock 2030” for a notified amount of Rs.3,000 crore (nominal), and (iv) “8.83 per cent Government Stock 2041” 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 May 3, 2013 (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 May 3, 2013. The non- competitive bids should be submitted between 11.30 a.m. and 12.30 p.m. and the competitive bids should be submitted between 11.30 a.m. and 1.00 p.m.

The result of the auctions will be announced on May 3, 2013 and payment by successful bidders will be on May 6, 2013 (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, Government of India

New Delhi: Vaisakha 9, 1935; April 29, 2013

DSM/RS/ka

(Release ID :95287)

Government securities auction: sale by multiple-price method with non-competitive bidding and electronic bid submission facility. Sale of specified Central Government securities is announced through a price-based auction using the multiple price method with notified nominal amounts; up to five percent of each issue is reserved for eligible bidders under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the Reserve Bank's Core Banking Solution (E-Kuber) within prescribed time windows on the auction date; results, payment and allotment follow the announced timetable. The stocks are eligible for When Issued trading under existing RBI guidelines.