Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India to Auction Government Stocks Worth Rs.17,000 Crore; Includes Re-Issues and New 2049 Stock via RBI.</h1> The Government of India announced the sale of government stocks through auctions, including re-issues of 7.32% stock maturing in 2024, 7.26% stock maturing in 2029, 7.40% stock maturing in 2035, and a new stock maturing in 2049. The total notified amount is Rs.17,000 crore, with an option to retain additional subscriptions up to Rs.1,000 crore. Auctions will be conducted by the Reserve Bank of India on April 12, 2019, using a multiple price method. Up to 5% of stocks will be allocated to eligible individuals and institutions under a non-competitive bidding facility. Results will be announced the same day, with payments due by April 15, 2019.