TaxTMI 
TaxTMI 
Auction for Sale (Re-Issue) of ‘6.17% GS 2021’,
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....uction for Sale (Re-Issue) of ‘6.17% GS 2021’, <br>News and Press Release<br>Dated:- 17-12-2019<br><BR>Auction for Sale (Re-Issue) of '6.17% GS 2021', Auction for Sale (Re-Issue) of '7.27% GS 2026', Auction for Sale (Re-Issue) of '6.45% GS 2029', Auction for Sale (Re-Issue) of '7.62% GS 2039', and Auction for Sale (Re-Issue) of '7.63% GS 2059'. The Government of India has announced the Sale (....
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....re-issue) of (i) '6.17 per cent Government Stock, 2021' for a notified amount of Rs 2,000 crore (nominal) through price based auction, (ii) '7.27 per cent Government Stock, 2026' for a notified amount of Rs 2,000 crore (nominal) through price based auction, (iii) '6.45 per cent Government Stock, 2029' for a notified amount of Rs 7,000 crore (nominal) through price based auction, (iv)'7.62 per cent....
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.... Government Stock, 2039' for a notified amount of Rs 1,000 crore (nominal) through price based auction, and (v) '7.63 per cent Government Stock, 2059' for a notified amount of Rs 4,000 crore (nominal) through price based auction. Subject to the limit of Rs 16,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore each against an....
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....yone or more of the above securities. 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 December 20, 2019 (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 Auc....
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....tion 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 December 20, 2019. The non-competitive bids should be submitted between 11.30 am and 12.00 noon and the competitive bids should be submitted between 11.30 am and 12.30 pm. The result of the auction....
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....s will be announced on December 20, 2019 (Friday) and payment by successful bidders will be on December 23, 2019 (Monday). The Stocks will be 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/2018-19/25 dated July 24, 2018 as amended from time to time.<BR> Ne....
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....ws - Press release - PIB....