The Government of India have announced the sale (re-issue) of (i)“8.12 per cent Government Stock 2020” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) “8.33 per cent Government Stock 2026” for a notified amount of Rs. 6,000 crore (nominal) through price based auction , (iii) “8.32 per cent Government Stock 2032” for a notified amount of Rs. 2,000 crore (nominal) through price based auction and (iv) “ 8.30 per cent Government Stock 2042” for a notified amount of Rs. 3,000 crore (nominal) through price based auction.

The auctions will beconducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 7, 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 June 7, 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 June 7, 2013 and payment by successful bidders will be on June 10, 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 13, 1935; June 3, 2013

DSM/RS/ka

(Release ID :96379)

Auction of Government Securities: price-based re-issue with multiple-price method, non-competitive allotment and electronic bids via E-Kuber system. Re-issue auctions of specified central government stocks will be conducted by the Reserve Bank of India using the multiple price method through the E-Kuber electronic system. Up to five percent of each notified amount is reserved for eligible parties under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically within prescribed time windows, with payment by successful bidders on the scheduled settlement date. The stocks will be eligible for when-issued trading under existing RBI guidelines.