Government of India have announced the Sale (re-issue) of (i)“ 7.28 percent Government Stock 2019” for a notified amount of Rs. 3,000 crore (nominal) through price based auction,

(ii) “7.16 percent Government Stock 2023” for a notified amount of Rs. 6,000 crore (nominal) through price based auction , (iii) “8.32 percent Government Stock 2032” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, and (iv) “8.30 percent Government Stock 2042” for a notified amount of Rs. 3,000 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 October 4, 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

October 4, 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 October 4, 2013 and payment by successful bidders will be on October 7, 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: Asvina 8, 1935; September 30, 2013

Uniform price auction of government stocks allows reserved non-competitive bids and mandates electronic E Kuber submission for participants. Sale and re-issue of multiple Central Government stocks will be conducted by the Reserve Bank of India through price-based auctions using the uniform price method. Up to five percent of each notified amount is reserved for eligible individuals and institutions under a Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the Reserve Bank's Core Banking Solution (E Kuber) within specified submission windows, with auction results announced and payment obligations set by the issuing authority. The stocks are eligible for when issued trading under existing RBI guidelines.