Auction For Sale of Government Stocks.

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....uction For Sale of Government Stocks. <br>News and Press Release<br>Dated:- 1-11-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 01-November-2011 16:16 IST Auction For Sale of Government Stocks Press Note Government of India have announced the (i) sale of "7.83 percent Government Stock 2017" for a notified amount of Rs. 4,000 crore (nominal) through price based a....

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....uction, (ii) sale of a new "Ten year Government Stock" for a notified amount of Rs. 6,000 crore (nominal) through a yield based auction, and (iii) sale (re-issue) of "8.26 percent Government Stock 2027" for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of Indi....

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....a, Mumbai Office, Fort, Mumbai on November 4, 2011 (Friday). 2. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 3. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Negotiated De....

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....aling System (NDS) on November 4, 2011. The non- competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.30 p.m. 4. The result of the auctions will be announced on November 4, 2011 and payment by successful bidders will be on November 8, 2011 (Tuesday). 5. The Stocks will be eligible for "When Issued" trading i....

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....n accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time. Department of Economic Affairs, Ministry of Finance, Govt. of India New Delhi: Kartika 09, 1933; October 31, 2011 DSM/SS<BR> News - Press release - PIB....