TMI BlogAuction for Sale (Re-issue) of Government StocksX 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 - News and Press Release Dated:- 10-8-2018 - News - 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) through price ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ₹ 3,000 crore (nominal) through price based auction, and (v) 8.13 per cent Government Stock, 2045 for a notified amount of ₹ 2,000 crore (nominal) through price based auction. Subjec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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 (RBI), Mumbai Office, Fort, Mumbai on August 16, 2018 (Thursday). 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 16, 2018. The n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on-competitive bids should be submitted between 12 noon and 1 p.m. and the competitive bids should be submitted between 12 noon and 1.30 p.m. The result of the auctions will be announced on August 16, 2018 (Thursday) and payment by successful bidders will be on August 20, 2018 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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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