The Government of India have announced the Sale (re-issue) of (i)“ 8.27 per cent Government Stock 2020” for a notified amount of ₹ 2,000 crore (nominal) through price based auction,
(ii) “8.40 per cent Government Stock 2024” for a notified amount of ₹ 6,000 crore (nominal) through price based auction , (iii) “8.32 per cent Government Stock 2032” for a notified amount of ₹ 2,000 crore (nominal) through price based auction,  and (iv) “9.23 per cent Government Stock 2043” for a notified amount of ₹ 2,000 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 (RBI), Mumbai Office, Fort, Mumbai on August 28, 2014 (Thursday).

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
August 28, 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 August 28, 2014 and payment by successful bidders will be on September 1, 2014 (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 (RBI) 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

North Block, New Delhi-110001

Auction of government stocks via multiple price method with reserved non competitive allotment and electronic bidding submission. Sale by auction (re-issue) of specified Government stocks is announced using a price based multiple price auction; up to five percent of each notified amount is reserved under the Non Competitive Bidding Facility for eligible individuals and institutions, with electronic submission of competitive and non competitive bids via the central banking core system and prescribed submission windows, announcement of results on the auction date, deferred payment on the designated settlement date, and eligibility for When Issued trading under existing when issued guidelines.