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Repurchase of Government Securities Through Reverse Auction

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....epurchase of Government Securities Through Reverse Auction <br>News and Press Release<br>Dated:- 18-2-2016<br><BR>Top of Form Press Information Bureau Government of India Ministry of Finance 17-F....

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....ebruary-2016 19:52 IST The Government of India have announced the repurchase of its Securities through reverse auction for an aggregate amount of &#8377; 15,000 crore (face value). The security-wise ....

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....details of the repurchase are given as under: S. No. Nomenclature Date of maturity 1 7.59% Government Stock 2016 12-Apr-2016 2 10.71% Government Stock 2016 19-Apr-2016 3 7.02% Government St....

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....ock 2016 17-Aug-2016 The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balances. The above repurchase of the Governme....

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....nt Stocks is purely ad hoc in nature. Auction for securities will be on price-based auction format. The auctions will be conducted using multiple price method. Bids for the auction should be submitte....

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....d in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 22, 2016 (Monday) between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced....

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.... on the same day ********** DSM<BR> News - Press release - PIB....