Auction for Sale (REISSUE) 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 (REISSUE) of Government Stocks <br>News and Press Release<br>Dated:- 3-6-2013<br><BR>The Government of India have announced the sale (re-issue) of (i)"8.12 per cent Government Stock 2020" for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) "8.33 per cent Government Stock 2026" for a notified amount of Rs. 6,000 crore (nominal) through price based au....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ction , (iii) "8.32 per cent Government Stock 2032" for a notified amount of Rs. 2,000 crore (nominal) through price based auction and (iv) " 8.30 per cent Government Stock 2042" for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will beconducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Mumbai on June 7, 2013 (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 should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-Kuber) system on June 7, 2013. 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 June 7, 2013 and payment by successful bidders will be on June 10, 2013 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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, Government of India New Delhi: Jyaistha 13, 1935; June 3, 2013 DSM/RS/ka (Release ID :96379)<BR> News - Press release - PIB....