Government securities reissue auction: uniform price auction with reserved non-competitive allotment for retail investors and standard settlement terms. Re-issue of '8.20 per cent Government Stock, 2022' will be auctioned by the Reserve Bank of India using a uniform price auction with up to five percent of the notified amount reserved for a non-competitive bidding facility. The stock has a fifteen-year tenure with semiannual interest; payment includes accrued interest to date of re-issue. Non-competitive participation is limited by account status, single-bid per investor limits, submission via banks/PDs (with exceptions), allotment at weighted average auction price, pro rata treatment if oversubscribed, and specified SGL/CSGL settlement and reporting procedures.
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Government securities reissue auction: uniform price auction with reserved non-competitive allotment for retail investors and standard settlement terms.
Re-issue of '8.20 per cent Government Stock, 2022' will be auctioned by the Reserve Bank of India using a uniform price auction with up to five percent of the notified amount reserved for a non-competitive bidding facility. The stock has a fifteen-year tenure with semiannual interest; payment includes accrued interest to date of re-issue. Non-competitive participation is limited by account status, single-bid per investor limits, submission via banks/PDs (with exceptions), allotment at weighted average auction price, pro rata treatment if oversubscribed, and specified SGL/CSGL settlement and reporting procedures.
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