Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Auction for Sale (Re-issue) of Government Stocks (GS)

News and Press Release - Dated:- 1-10-2018 - The Government of India hereby notifies sale (re-issue) of the following Government Stocks: Name of the Security Date of Original Issue OriginalTenure (yy-mm-dd) Date of Maturity Auction Basis Auction Method Notified Amount (in Rs. Crore) 6.65% GS 2020 Apr. 09, 2018 02-00-00 Apr. 09, 2020 Price Multiple 2,000 7.59% GS 2026 Jan. 11, 2016 10-00-00 Jan. 11, 2026 Price Multiple 2,000 GoI FRB 2031 May 07, 2018 13-07-00 Dec. 07, 2031 Price Multiple 3,000 7. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

gh Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018, dated March 27, 2018, issued by Government of India. Allotment to Non-competitive Bidders 2. 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 Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and dat .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sued trading in accordance with the guidelines issued by the Reserve Bank of India. Date of issue and payment for the stock 5. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on October 05, 2018. The payment by successful bidders will be on October 08, 2018i.e. the date of re-issue. The payment for the Stocks will include accrued interest on the nominal value of the Stock allotted in the auction from the date of original issue/last coupon paym .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

k October 07, 2018 Oct. 09 and Apr. 09 7.59% GS 2026 7.59 Jul. 11, 2018 October 07, 2018 Jan. 11 and Jul. 11 GoI FRB 2031 Variable* Jun. 07, 2018 October 07, 2018 Dec. 07 and Jun. 07 7.50% GS 2034 7.50 Aug. 10, 2018 October 07, 2018 Feb.10 and Aug. 10 8.13% GS 2045 8.13 June 22, 2018 October 07, 2018 Dec. 22 and Jun.22 * GoI FRB 2031: (i) The interest at a variable rate will be paid half-yearly. (ii) The Floating Rate Bond will carry the coupon, which will have a base rate, equivalent to Weighte .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tes prevailing for six month Government of India Security/ies as on the last three non-reporting Fridays prior to the commencement of the semi-annual coupon period. In case particular Friday/s is/are holiday/s, the yield to maturity rates as on the previous working day shall be taken. (iv) The base rate for the coupon period June 7, 2018 to December 6, 2018 is 6.79 per cent. Accordingly, the rate of interest on FRB 2031 for this period shall be 7.79 per cent per annum. The rate of interest payab .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

y, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount. Eligibility: Participation on a non-competitive basis in the auctions of dated GOI securities will be open to investors who satisfy the following: do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n on non-competitive basis is open to any person including firms, companies, corporate bodies, institutions, provident funds, trusts, and any other entity as may be prescribed by RBI. The minimum amount for bidding will be ₹ 10,000 (face value) and thereafter in multiples in ₹ 10,000 as hitherto for dated stocks. IV. Other Operational Guidelines: The retail investor desirous of participating in the auction under the Scheme would be required to maintain a constituent subsidiary genera .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) System. Except in extraordinary circumstances such as general failure of the Reserve Bank of India Core Banking Solution (E-Kuber) System, non-competitive bid in physical form will not be accepted. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price that will emerge in the auction on the basis of the competitive bidding. The securities will be issued to the ban .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ll will be taken to competitive portion. Security would be issued only in SGL form by RBI. RBI would credit either the main SGL account or the CSGL account of the bank or PD as indicated by them. The facility for affording credit to the main SGL account is for the sole purpose of servicing investors who are not their constituents. Therefore, the bank or PD would have to indicate clearly at the time of tendering the non-competitive bids the amounts (face value) to be credited to their SGL account .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.