Non-competitive bidding allowed in government stock re-issue auction, reserved allotment with weighted-average pricing and pro rata allocation. Notification fixes the re-issue of 8.24% Government Stock, 2027 with specified coupon, twenty-year tenure from Feb 15, 2007, repayment at par on Feb 15, 2027, and semiannual interest. The Stock will be sold by RBI via a multiple price auction; payment by successful bidders on the issue date must include accrued interest. A non-competitive bidding facility up to 5% of the notified amount allows eligible investors to submit a single bid through a bank or PD, with allotment at the weighted average price, pro rata allocation if oversubscribed, and SGL issuance subject to transfer and reporting rules.
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Provisions expressly mentioned in the judgment/order text.
Non-competitive bidding allowed in government stock re-issue auction, reserved allotment with weighted-average pricing and pro rata allocation.
Notification fixes the re-issue of 8.24% Government Stock, 2027 with specified coupon, twenty-year tenure from Feb 15, 2007, repayment at par on Feb 15, 2027, and semiannual interest. The Stock will be sold by RBI via a multiple price auction; payment by successful bidders on the issue date must include accrued interest. A non-competitive bidding facility up to 5% of the notified amount allows eligible investors to submit a single bid through a bank or PD, with allotment at the weighted average price, pro rata allocation if oversubscribed, and SGL issuance subject to transfer and reporting rules.
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