Government of India have announced the Sale (issue/re-issue) of (i) “7.35 per cent Government Stock 2024” for a notified amount of ₹ 2,000 crore (nominal) through
price based auction, (ii) “New 10 year Government Stock 2026” for a notified amount of  
Rs. 8,000 crore (nominal) through yield based auction, (ii) “7.73 per cent Government Stock  2034” for a notified amount of ₹ 2,000 crore (nominal) through price based auction,  
(iv) “8.13 per cent Government Stock 2045” for a notified amount of ₹ 2,000 crore (nominal) through price based auction.
 

1.  The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 02, 2016 (Friday).

2.  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.

3.  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
September 02, 2016. 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.   

4.  The result of the auctions will be announced on September 02, 2016 and payment by successful bidders will be on September 06, 2016 (Tuesday).   

5.  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 vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.

Government securities auction: multiple stocks offered via multiple-price method, with electronic bidding windows and reserved non-competitive allotment. Multiple Central Government securities are announced for sale/re-issue by auction using the multiple price method, with each stock designated as price-based or yield-based and specified notified amounts. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically via the Reserve Bank of India's E-Kuber system within prescribed time windows on the auction date; results and settlement dates are announced. The stocks are eligible for When Issued trading under the Reserve Bank's guidelines.