https://www.taxtmi.com/news?id=22798 Sale and re-issue of specified Government securities will be conducted by the Reserve Bank of India using the multiple price method: price-based auctions for the re-issues and a yield-based auction for a new ten-year stock; the issuer may retain additional subscription up to a notified limit. Both competitive and non-competitive bids must be submitted electronically via the E-Kuber system within prescribed windows; up to five percent is reserved under the Non-Competitive Bidding Facility. Auction results and payment follow on scheduled dates, and the stocks are eligible for "When Issued" trading per RBI guidelines. en-us Tue, 05 May 2020 09:48:33 +0530 Tue, 05 May 2020 09:48:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22798 Sale and re-issue of specified Government securities will be conducted by the Reserve Bank of India using the multiple price method: price-based auctions for the re-issues and a yield-based auction for a new ten-year stock; the issuer may retain additional subscription up to a notified limit. Both competitive and non-competitive bids must be submitted electronically via the E-Kuber system within prescribed windows; up to five percent is reserved under the Non-Competitive Bidding Facility. Auction results and payment follow on scheduled dates, and the stocks are eligible for "When Issued" trading per RBI guidelines. News - Tue, 05 May 2020 09:48:33 +0530 https://www.taxtmi.com/news?id=22798