Press Information Bureau

Government of India

Ministry of Finance

01-October-2012 18:53 IST

Government of India have announced the sale (re-issue) of-

(i) “8.19 percent Government Stock 2020” for a notified amount of Rs. 3,000 crore (nominal) through
price based auction,

(ii) “8.20 percent Government Stock 2025” for a notified amount of
Rs. 7,000 crore (nominal) through price based auction; and

(iii) “8.83 percent Government Stock 2041” for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 05, 2012 (Friday). 

Up to 5% of the notified amount of the sale of the stockswill 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 Negotiated Dealing System (NDS) on October 05, 2012. 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 October 05, 2012 and payment by successful bidders will be on October 08, 2012 (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 vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time.

Department of Economic Affairs,  Ministry of Finance, Government of India

North Block, New Delhi ,dated, the October 01, 2012

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DSM/RS/kv

Government securities auction: uniform price sale allowing competitive and non competitive bids with reserved allotment for eligible individuals. Re-issue auction of three Government stocks will be conducted using the uniform price method with both competitive and non-competitive electronic bids on the Negotiated Dealing System; non-competitive bids have a dedicated submission window and up to a capped portion of the notified amount will be allotted to eligible individuals and institutions under the Non-Competitive Bidding Facility. The stocks are eligible for when-issued trading under existing guidelines and the auction result and payment follow the announced schedule.