Press Information Bureau

Government of India

Ministry of Finance

16-October-2012 13:15 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 19, 2012 (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 Negotiated Dealing System (NDS) on October 19, 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 19, 2012 and payment by successful bidders will be on October 22, 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

New Delhi: Asvina 24, 1934; October 16, 2012

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DSM/RS/ka

Auction of government securities using uniform price method with non competitive allotment and specified electronic bid timings. Announcement of re issue auctions of specified government stocks to be conducted by the Reserve Bank of India using the uniform price method, with up to five percent of each notified amount reserved for eligible individuals and institutions under the Scheme for Non Competitive Bidding Facility; competitive and non competitive bids to be submitted electronically on the Negotiated Dealing System within prescribed windows; auction results and payment dates specified; stocks eligible for When Issued trading per RBI guidelines.