Government of India have announced the sale (re-issue) of (i) “8.12 per cent Government Stock 2020” for a notified amount of ` 3,000 crore (nominal), (ii) “8.20 per cent Government Stock 2025” for a notified amount of ` 6,000 crore (nominal), (iii) “8.32 per cent Government Stock 2032” for a notified amount of ` 3,000 crore (nominal), and (iv) “8.30 per cent Government Stock 2042” for a notified amount of ` 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, Mumbai Office, Fort, Mumbai on May 24, 2013 (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 May 24, 2013. 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 May 24, 2013 and payment by successful bidders will be on May 27, 2013 (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.

DSM/RS

(Release ID :96094)

Government securities auction: competitive and non competitive bids accepted, non competitive allotment capped, electronic submission and when issued trading permitted. The Government announced price-based auctions of multiple central government stocks to be conducted by the Reserve Bank using the multiple price method; up to five percent of each notified amount is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within specified windows on the auction day, with auction results and payment/settlement dates set and the stocks eligible for When Issued trading under applicable RBI guidelines.