Auction for Sale of Government Stocks.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Auction for Sale of Government Stocks.
News and Press Release
Dated:- 5-6-2012

Press Information Bureau Government of India Ministry of Finance 05-June-2012 16:52 IST Auction for Sale of Government Stocks PRESS NOTE Government of India have announced the sale (re-issue) of (i) "8.24 percent Government Stock 2018" for a notified amount of Rs. 3,000 crore (nominal) through price .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... based auctions, (ii) "New 10 Year Government Stock " for a notified amount of Rs.7,000 crore (nominal) through yield based auctions, (iii) "8.97 percent Government Stock 2030" for a notified amount of Rs.3,000 crore (nominal) through price based auctions and (iv) "8.33 percent Government Stock 2036" for a notified amount of Rs. 2,000 crore (nominal) through price based auctions. The auctions will .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 08, 2012 (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 competitive and non-c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ompetitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on June 08, 2012. 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 p.m. The result of the auctions will be announced on June 08, 2012 and payment by successful bidders will be on J .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... une 11, 2012 (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 /2006-07/178 dated November 16, 2006 as amended from time to time. Department of Economic Affairs, Ministry of Finance New Delhi: Jyaistha 15, 1934; June 05, 2012 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... DSM/GN
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X