The Government of India have announced the Sale (re-issue) of (i) “8.08 per cent Government Stock 2022” for a notified amount of ₹ 3,000 crore (nominal) through price based auction,
(ii) “8.15 per cent Government Stock 2026” for a notified amount of ₹ 6,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock  2033” for a notified amount of ₹ 2,000 crore (nominal) through price based auction,  and (iv) “8.17 per cent Government Stock 2044” 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 16, 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 16, 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 16, 2015 and payment by successful bidders will be on January 19, 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.

Government securities auction multiple-price method; non-competitive bidding allotment and electronic bids required, payment and settlement scheduled. Sale by re issue of specified Central Government stocks is announced through price based auctions using the multiple price method, with notified nominal amounts and up to five percent reserved for allotment under the Non Competitive Bidding Facility. Competitive and non competitive bids must be submitted electronically via E Kuber within prescribed windows on the auction date; results and settlement/payment dates are announced. The stocks will be eligible for When Issued trading under existing RBI guidelines.