The Government of India have announced the Sale (re-issue) of (i) “8.27 per cent Government Stock 2020” for a notified amount of ₹ 3,000 crore (nominal) through price based auction,

(ii) “8.60 per cent Government Stock 2028” for a notified amount of  ₹ 5,000 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 February 13, 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 February 13, 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 February 13, 2015 and payment by successful bidders will be on February 16, 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 of India, Ministry of Finance, Department of Economic Affairs

North Block, New Delhi-110001

Government securities auction: re-issue via multiple-price method with competitive and non-competitive electronic bidding. Re-issue auctions of multiple Government stocks will be conducted by price-based auctions using the multiple price method, accepting both competitive and non-competitive bids. A capped portion of each issue is reserved for eligible individuals and institutions under the Scheme for Non-Competitive Bidding Facility. Bids must be submitted electronically through the specified core banking system within prescribed time windows; results will be announced on the auction date and payment by successful bidders is required on the stipulated settlement date. The re-issued stocks will be eligible for when issued trading under existing guidelines.