Auction for Sale (Re-issue) of ‘6.84% Government Stock 2022; Auction’ for Sale (Re-issue) of ‘7.17% Government Stock 2028’, Auction for Sale (Re-issue) of ‘7.40% Government Stock 2035’, and Auction for Sale of (Re-issue) of ‘7.06% Government Stock 2046’

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....uction for Sale (Re-issue) of ‘6.84% Government Stock 2022; Auction’ for Sale (Re-issue) of ‘7.17% Government Stock 2028’, Auction for Sale (Re-issue) of ‘7.40% Government Stock 2035’, and Auction for Sale of (Re-issue) of ‘7.06% Government Stock 2046’ <br>News and Press Release<br>Dated:- 21-5-2018<br><BR>Government of India has announced the Sale (Re-issue) of (i) "6.84 per cent ....

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....Government Stock, 2022" for a notified amount of &#8377; 3,000 crore (nominal) through price based auction, (ii) "7.17 per cent Government Stock, 2028" for a notified amount of &#8377; 4,000 crore (nominal) through price based auction, (iii) "7.40 per cent Government Stock, 2035" for a notified amount of &#8377; 2,000 crore (nominal) through price based auction, and (iv) "7.06 per cent Government ....

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....Stock, 2046" for a notified amount of &#8377; 3,000 crore (nominal) through price based auction. Subject to the limit of Rs. 12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up toRs. 1,000 crore against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reser....

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....ve Bank of India, Mumbai Office, Fort, Mumbai on May 25, 2018 (Friday). 2. 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. 3. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Re....

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....serve Bank of India Core Banking Solution (E-Kuber) system on May 25, 2018. 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. 4. The result of the auctions will be announced on May 25, 2018 (Friday) and payment by successful bidders will be on May 28, 2018 (Monday). 5. The Stocks will b....

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....e eligible for "When Issued" trading 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....