TaxTMI 
TaxTMI 
Auction for Sale (Re-issue) of Government Floating Rate Bonds
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....uction for Sale (Re-issue) of Government Floating Rate Bonds <br>News and Press Release<br>Dated:- 27-11-2017<br><BR>Auction for Sale (Re-issue) of Government Floating Rate Bonds Auction for Sale (Re-issue) of Government Stocks Government of India has announced the Sale (re-issue) of (i) "Government of India Floating Rate Bonds 2024" for a notified amount of ₹ 3000 crore (nominal) through....
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.... price based auction, (ii) "6.79 per cent Government Stock, 2027" for a notified amount of ₹ 8,000 crore (nominal) through price based auction, (iii) "7.73 per cent Government Stock 2034" for a notified amount of ₹ 2,000 crore (nominal) through price based auction, (iv) "7.06 per cent Government Stock, 2046" for a notified amount of ₹ 2,000 crore (nominal) through price based auc....
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....tion. Subject to the limit of ₹ 15,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore against any of the above security. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 30, 2017 (Thursday). Up to 5% of the ....
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....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-Kuber) system on November 30, 2017. The non-compet....
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....itive 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 November 30, 2017 (Thursday) and payment by successful bidders will be on December 4, 2017 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issue....
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....d 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....