Government stock reissue by auction with a reserved non competitive bidding facility enabling retail participation and SGL settlement. Re-issue of ten year Government Stock will be sold by price based multiple price auction through the Reserve Bank of India on the announced date, with payment on the date of re issue and interest accruing from the original issue date payable semi annually; up to 5% of the notified amount is reserved for a Non competitive Bidding Facility through banks or primary dealers, with single-bid limits, allotment at the weighted average auction yield, SGL/CSGL issuance, pro rata allocation if oversubscribed, transfer obligations by intermediaries, and record keeping and reporting requirements to the Reserve Bank.
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Government stock reissue by auction with a reserved non competitive bidding facility enabling retail participation and SGL settlement.
Re-issue of ten year Government Stock will be sold by price based multiple price auction through the Reserve Bank of India on the announced date, with payment on the date of re issue and interest accruing from the original issue date payable semi annually; up to 5% of the notified amount is reserved for a Non competitive Bidding Facility through banks or primary dealers, with single-bid limits, allotment at the weighted average auction yield, SGL/CSGL issuance, pro rata allocation if oversubscribed, transfer obligations by intermediaries, and record keeping and reporting requirements to the Reserve Bank.
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