Press Information Bureau

Government of India

Ministry of Finance

05-February-2013 15:45 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. 6,000 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 multiple price method. The auctions will be conducted by the Reserve

Bank of India, Mumbai Office, Fort, Mumbai on February 08, 2013 (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 Reserve Bank of India Core Banking Solution (E-Kuber) System on February 08, 2013. 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 February 08, 2013 and payment by successful bidders will be on February 11, 2013 (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

New Delhi: Magha 16, 1934; February 5, 2013

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DSM/RS/ka

Government securities auction: multiple-price sale with competitive and non-competitive bidding and when-issued trading eligibility. The Government announced re-issue of central government stocks by price-based auction using the multiple price method, allowing both competitive and Non-Competitive Bidding Facility participation with up to five percent reserved for eligible individuals and institutions; bids must be submitted electronically on the RBI E-Kuber system within prescribed time windows, with results and payment following the published timetable, and the stocks made eligible for When Issued trading under RBI guidelines.