The Government of India have announced the Sale (re-issue) of (i) “8.08 per cent Government Stock 2022” 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) “9.20 per cent Government Stock  2030” for a notified amount of ₹ 3,000 crore (nominal) through price based auction,  and (iv) “8.30 per cent Government Stock 2040” for a notified amount of ₹ 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 (RBI), Mumbai Office, Fort, Mumbai on January 09, 2015 (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
January 09, 2015. 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 January 09, 2015 and payment by successful bidders will be on January 12, 2015 (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.

Auction of Government Securities: re-issue conducted by RBI via price-based multiple-price method with non-competitive facility. Re-issue auctions for four Government Stocks will be conducted by the Reserve Bank of India using a price-based multiple-price method with electronic bids submitted on E-Kuber. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility; non-competitive and competitive bids have separate submission windows. Auction results will be announced on the auction date and successful bidders must remit payment on the prescribed settlement date. The stocks are eligible for when-issued trading under RBI guidelines.