The Government of India have announced the Sale (Issue/Re-issue) of (i)“New 6 year Government Stock 2019” for a notified amount of Rs. 3,000 crore (nominal) through yield based auction, (ii) “7.16 per cent Government Stock 2023” for a notified amount of Rs. 6,000 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) “8.83 percent 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, Mumbai Office, Fort, Mumbai on May 31, 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 31, 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.  

The result of the auctions will be announced on May 31, 2013 and payment by successful bidders will be on June 03, 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: Jyaistha 6, 1935; May 27, 2013

DSM/RS/Ka

(Release ID :96247)

Government securities auction announced with yield and price-based methods; allotment rules permit limited non-competitive participation. Sale of four central government stocks will be conducted by auction using yield-based and price-based mechanisms under the multiple price method, with electronic bid submission via the Reserve Bank of India Core Banking Solution (E-Kuber). Competitive and non-competitive bids must be submitted within prescribed time windows; up to five percent of each notified amount is reserved for eligible individuals and institutions through the non-competitive bidding facility. Auction results and payment dates are fixed, and the stocks are eligible for When Issued trading under RBI guidelines.