TMI BlogAuction for Sale (Re-issue) of Government Stocks 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-issue) of Government Stocks 2020 - News and Press Release Dated:- 16-7-2018 - News - The Government of India has announced the Sale (Re-issue) of (i) 6.65 per cent Government Stock, 2020 for a notified amount of ₹ 2,000 crore (nominal) through price based auction, (ii) 7.59 per cent Government Stock, 2026 for a notified amount of ₹ 2,000 crore (nominal) th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rough price based auction, (iii) GoI Floating Rate Bond 2031 for a notified amount of ₹ 3,000 crore (nominal) through price based auction, (iv) 6.57 per cent Government Stock, 2033 for a notified amount of ₹ 2,000 crore (nominal) through price based auction, and (v) 7.72 per cent Government Stock, 2055 for a notified amount of ₹ 3,000 crore (nominal) through price based auc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. Subject to the limit of ₹ 12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore each against any one 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 July 20, 2018 (Friday). U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p 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-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on July 20, 2018. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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. and12.00 noon. The result of the auctions will be announced on July 20, 2018 (Friday) and payment by successful bidders will be on July 23, 2018 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - 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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