Auction for Sale of Government Stocks

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....uction for Sale of Government Stocks <br>News and Press Release<br>Dated:- 26-9-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 25-September-2012 19:36 IST Government of India have announced the sale (re-issue) of (i) "8.07 percent Government Stock 2017-JUL" for a notified amount of Rs. 4,000 crore (nominal) through price based auction, (ii) "8.33 percent Governm....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ent Stock 2026" for a notified amount of Rs. 6,000 crore (nominal) through price based auction, (iii) "8.97 percent Government Stock 2030" for a notified amount of Rs. 3,000 crore (nominal) through price based auction; and (iv) "8.33 percent Government Stock 2036" for a notified amount of Rs. 2,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price me....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....thod. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 28, 2012 (Friday). 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. Both competitive and non-competitive bids for the auction s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hould be submitted in electronic format on the Negotiated Dealing System (NDS) on September 28, 2012. 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 12.00 noon. The result of the auctions will be announced on September 28, 2012 and payment by successful bidders will be on October 01, 2012 (Monday....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....). The Stocks will be eligible for "When Issued" trading in 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. Government of India, Ministry Of Finance, Department Of Economic Affairs North Block, New Delhi. ***** DSM/RS<BR> N....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ews - Press release - PIB....