Auction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Issue) of ‘New 10 year GS 2030’, and Auction for Sale (Re-Issue) of ‘7.19% GS 2060’

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....uction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Issue) of ‘New 10 year GS 2030’, and Auction for Sale (Re-Issue) of ‘7.19% GS 2060’ <br>News and Press Release<br>Dated:- 5-5-2020<br><BR>The Government of India has announced the Sale (Issue/Re-issue) of (i) '5.09 per cent Government Stock, 2022' for a notified amount of &#8377; 3,000 crore (nominal) through price based ....

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....auction, (ii) 'New 10 Year Government Stock, 2030' for a notified amount of &#8377; 10,000 crore (nominal) through yield based auction, (iii) '7.19 per cent Government Stock, 2060' for a notified amount of &#8377; 6,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above securities. T....

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....he auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 08, 2020 (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 Auction of Government Securities. Both competi....

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....tive 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 May 08, 2020. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auctions will be announced on May 08, 2020 (Friday....

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....) and payment by successful bidders will be on May 11, 2020 (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> News - Press release - PIB....