Auction for Sale (issue) of ‘a new Government Stock maturing on December 19, 2022’ Auction for Sale (Re-issue) of ‘7.61 per cent Government Stock, 2030’, Auction for Sale (Re-issue) ‘7.50 per cent Government Stock, 2034’ and Auction for Sale (Re-issue) of ‘8.17 per cent Government Stock, 2044

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....uction for Sale (issue) of ‘a new Government Stock maturing on December 19, 2022’ Auction for Sale (Re-issue) of ‘7.61 per cent Government Stock, 2030’, Auction for Sale (Re-issue) ‘7.50 per cent Government Stock, 2034’ and Auction for Sale (Re-issue) of ‘8.17 per cent Government Stock, 2044 <br>News and Press Release<br>Dated:- 2-9-2016<br><BR>Government of India have announced the ....

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....Sale (issue/re-issue) of (i) "new Government security maturing on December 19, 2022" for a notified amount of &#8377; 2,000 crore (nominal) through yield based auction,, (ii) "7.61 per cent Government Stock 2030" for a notified amount of &#8377; 8,000 crore (nominal) through price based auction, (iii) "7.50 per cent Government Stock 2034" for a notified amount of &#8377; 2,000 crore (nominal) thro....

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....ugh price based auction, and (iv) "8.17 per cent Government Stock 2044" for a notified amount of &#8377; 2,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on September 09, 2016 (Friday). Up to 5% of the notified amount of the sale of the stoc....

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....ks 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-Kuber) system on September 09, 2016. The non-competitive bids should be submitted betwee....

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....n 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 09, 2016 and payment by successful bidders will be September 12, 2016 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities'....

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.... issued by the Reserve Bank of India (RBI), vide circular No. RBI/2006-07/178 dated November 16, 2006, as amended from time to time.<BR> News - Press release - PIB....