Press Information Bureau

Government of India

Ministry of Finance

08-October-2012 18:47 IST

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

(i) “8.07 percent Government Stock 2017-JUL” for a notified amount of Rs. 3,000 crore (nominal) through price based auction,

(ii) “8.15 percent Government Stock 2022” for a notified amount of Rs. 7,000 crore (nominal) through price based auction, and

(iii) “8.97 percent Government Stock 2030” 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 12, 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 12, 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 12, 2012 and payment by successful bidders will be on October 15, 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 OFINDIA, NORTH BLOCK, NEW DELHI, Dated, the October 08, 2012

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DSM/RS/ka

Uniform price government securities auction offering reissued stocks with non-competitive bidding and eligibility for when issued trading. Announcement of re issue sales of specified Central Government stocks through a price based auction using the uniform price method; electronic bidding on the Negotiated Dealing System with both competitive and non competitive bids permitted; up to five percent allocation under the non-competitive bidding facility; specified submission windows for non competitive and competitive bids; results and payment settlement to follow the auction; securities eligible for When Issued trading under existing guidelines.