https://www.taxtmi.com/news?id=13519 A nineteen-year Government stock will be sold by RBI via a yield-based multiple price auction with the coupon set at the auction cut-off yield and semiannual interest payments. A Non-competitive Bidding Facility reserves up to five percent of the notified amount for eligible investors who lack RBI current or SGL accounts, subject to single-bid face-value limits and submission through intermediary banks or primary dealers. Non-competitive allotment is at the weighted average yield from competitive bids, with pro rata allocation if oversubscribed, SGL issuance to intermediaries, and prescribed obligations on allocation, payment collection, transfer timing and reporting to RBI. en-us Sat, 01 Nov 2014 10:19:35 +0530 Sat, 01 Nov 2014 10:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13519 A nineteen-year Government stock will be sold by RBI via a yield-based multiple price auction with the coupon set at the auction cut-off yield and semiannual interest payments. A Non-competitive Bidding Facility reserves up to five percent of the notified amount for eligible investors who lack RBI current or SGL accounts, subject to single-bid face-value limits and submission through intermediary banks or primary dealers. Non-competitive allotment is at the weighted average yield from competitive bids, with pro rata allocation if oversubscribed, SGL issuance to intermediaries, and prescribed obligations on allocation, payment collection, transfer timing and reporting to RBI. News - Sat, 01 Nov 2014 10:19:35 +0530 https://www.taxtmi.com/news?id=13519