The Government of India have announced the sale (re-issue) of (i) “7.83 percent Government Stock 2018” 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. 6,000 crore (nominal) through price based auction, (iii) “8.97 percent Government Stock 2030” for a notified amount of Rs. 3,000 crore (nominal) through price based auction and (iv) “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 multiple price method. The auctions will be conducted by the Reserve Bank of India, Fort, Mumbai on April 12, 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 April 12, 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 April 12, 2013 and payment by successful bidders will be on April 15, 2013 (Monday).

The stocks will qualify for the ready forward facility.

The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ up to 12.00 noon on April 10, 2013 (Thursday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

The Stocks will be eligible for “When Issued” trading for a period commencing from April 9, 2013 – April 12, 2013 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.

R. R. Sinha

Deputy General Manager

Press Release : 2012-2013/1690

Government securities auction: re-issue of four dated securities via multiple-price auction with non-competitive electronic bidding. Sale by multiple-price auction on April 12, 2013 of four re-issued dated government securities (7.83% 2018; 8.20% 2025; 8.97% 2030; 8.83% 2041) with a combined notified nominal amount of Rs. 15,000 crore. Up to 5% of each issue is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Both competitive and non-competitive bids must be submitted electronically on RBI's E-Kuber within prescribed windows; auction results will be announced April 12 and payment/settlement is on April 15, 2013.