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TMI BlogRepurchase of Government Securities through Reverse Auction for an aggregate amount of 3,500 crore (face value)X X X X Extracts X X X X X X X X Extracts X X X X ..... Repurchase of Government Securities through Reverse Auction for an aggregate amount of 3,500 crore (face value) X X X X Extracts X X X X X X X X Extracts X X X X ..... ment of India Ministry of Finance 15-March-2017 18:09 IST The Government of India has announced the repurchase of its Securities through Reverse Auction for an aggregate amount of ₹ 3,500 cro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re (face value). The security-wise details of the repurchase are given as under: S. No. Nomenclature Date of maturity 1. 7.49% GS 2017 (conv) 16-Apr-2017 2. 8.07% GS 2017-Jul 03-Jul-2017 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. 7.99% GS 2017 09-Jul-2017 4. 7.46% GS 2017 28-Aug-2017 The repurchase by the Government of India will be undertaken to redeem prematurely the Government Stocks by utilizing surplus cash balan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces. The above repurchase of the Government Stocks is purely ad hoc in nature. Auction for securities will be on price-based auction format. The auctions will be conducted using multiple price method ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 17, 2017 (Friday) between 10.30 a.m. and 12.00 noon. The re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sult of the auctions will be announced on the same day.
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