Non-competitive bidding in government securities allows reserved retail allotment at the auction's weighted average price with settlement rules. Re-issue of 6.05% Government Stock, 2019 will be sold by uniform price auction conducted by the Reserve Bank of India, with the ten-year stock repaid at par on maturity and interest accruing from original issue date paid half-yearly. Up to 5% of the notified amount is reserved for non-competitive bids by eligible investors subject to single-bid and maximum face-value limits, submission through banks or PDs, allotment at the weighted average auction price, SGL/CSGL settlement rules, pro rata allocation if oversubscribed, and specified transfer, charging and reporting obligations.
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Non-competitive bidding in government securities allows reserved retail allotment at the auction's weighted average price with settlement rules.
Re-issue of 6.05% Government Stock, 2019 will be sold by uniform price auction conducted by the Reserve Bank of India, with the ten-year stock repaid at par on maturity and interest accruing from original issue date paid half-yearly. Up to 5% of the notified amount is reserved for non-competitive bids by eligible investors subject to single-bid and maximum face-value limits, submission through banks or PDs, allotment at the weighted average auction price, SGL/CSGL settlement rules, pro rata allocation if oversubscribed, and specified transfer, charging and reporting obligations.
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