Auction for Sale (Re-issue) of Government Stocks

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..... Auction for Sale (Re-issue) of Government Stocks
News and Press Release
Dated:- 27-8-2018

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) through p .....

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..... rice 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 auction. Su .....

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..... bject 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 31, 2018 (Friday). Up .....

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..... 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 August 31, 2018. Th .....

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..... e non-competitive bids should be submitted between 10.30 a.m. and11.30 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 August 31, 2018 (Friday) and payment by successful bidders will be on September 3, 2018 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'Whe .....

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..... n 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 .....

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