TaxTMI 
TaxTMI 
Auction for Sale (Re-Issue) of Government Stock
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....uction for Sale (Re-Issue) of Government Stock <br>News and Press Release<br>Dated:- 23-9-2013<br><BR>The Government of India have announced the Sale (issue/re-issue) of (i)" 8.20 percent Government Stock 2020" for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) "8.28 percent Government Stock 2027" for a notified amount of Rs. 6,000 crore (nominal) through price ba....
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....sed auction , (iii) "New 17 year Government Stock, 2030" for a notified amount of Rs. 2,000 crore (nominal) through yield based auction, and (iv) "8.83 percent Government Stock 2041" 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 India, Mumbai Office, For....
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....t, Mumbai on September 27, 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 Sol....
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....ution (E-Kuber) system on September 27, 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 September 27, 2013 and payment by successful bidders will be on September 30, 2013 (Monday). The Stocks will be eligible for "When Issued" trad....
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....ing 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.<BR> News - Press release - PIB....