The Government of India have announced the sale (re-issue) of three dated securities as per the following details:

Sr. No.	Security	Notified Amount (Rs. Cr)	Auction Date	Settlement date
1	8.12% Government Stock 2020	3,000	February 7, 2014 (Friday)	February 10, 2014 (Monday)
2	8.83% Government Stock 2023	5,000
3	8.32% Government Stock 2032	2,000

The auctions will be conducted using uniform price method. 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 February 7, 2014. 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 February 7, 2014.

The stocks will qualify for the ready forward facility.

The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 10:30 AM up to 12.00 noon on February 6, 2014 (Thursday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

The Stocks will be eligible for “When Issued” trading for a period commencing from February 4, 2014– February 7, 2014 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.

Ajit Prasad

Assistant General Manager

Government securities auction using uniform price method with non-competitive allotment, electronic bidding windows and underwriting provisions. Sale of three central government dated securities will be auctioned using the uniform price method, with up to five percent allotted under the Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically on the Reserve Bank of India Core Banking Solution (E Kuber) within prescribed windows; results will be announced on the auction date and settlement will follow. Securities qualify for the ready forward facility, underwriting by Primary Dealers will follow the Revised Scheme with ACU bids in the specified window, and the issues are eligible for When Issued trading per RBI guidelines.