TMI BlogAuction for Sale of a New Government Stock of 30 YearsX X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale of a New Government Stock of 30 Years - News and Press Release Dated:- 25-12-2012 - News - Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated December 24, 2012 NOTIFICATION F. No.4 (5) W M/2012(ii): Government of India hereby notifies sale (new) of Government Stock (securities) of 30-year tenure for an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called Specific Notification ) as also the terms and conditions specified in the General Notification F. No. 4 (13) W M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fice, Fort, Mumbai- 400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F. No. 4 (13) W M/2008, dated October 8, 2008 by a yield based auction using uniform price auction method. Allotment to Non-competitive Bidders 3. The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Sch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and date of auction 4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on December 28, 2012. Bids for the auction should be submitted in electronic format on Reserve Bank of India Core Banking Solution (E-Kuber) system on December 28, 2012. The non-comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etitive 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. When Issued Trading 5. The Stock will be eligible for When Issued trading in accordance with the guidelines issued by the Reserve Bank of India. Tenure 6. The Government Stock will be of thirty years tenure. The tenure of the Stock will com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mence from December 31, 2012. The Stock will be repaid at par on December 31, 2042. Date of issue and payment for the stock 7. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on December 28, 2012. The payment by successful bidders will be on December 31, 2012 i.e., the date of issue. Interest 8. The coupon rate for the securities wil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be set at the cut-off yield to maturity rate decided in the auction. The interest will be payable half-yearly on June 30 and December 31. By Order of the President of India (Dr. Rajat Bhargava) Joint Secretary to the Government of India - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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