Auction for Sale (Re-issue) of Government Stocks

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Auction for Sale (Re-issue) of Government Stocks
News and Press Release
Dated:- 16-11-2018

The Government of India has announced the Sale (Re-issue) of (i) '8.24 per cent Government Stock, 2027' for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) '7.17 per cent Government Stock, 2028' for a notified amount of ₹ 4,000 crore (nominal) through pric .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e based auction, (iii) '7.50 per cent Government Stock, 2034' for a notified amount of ₹ 2,000 crore (nominal) through price based auction, and (iv) '8.13 per cent Government Stock, 2045' for a notified amount of ₹ 3,000 crore (nominal) through price based auction. Subject to the limit of ₹ 12,000 crore, being total notified amount, Government of India will have the option to ret .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ain 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 November 22, 2018 (Thursday). Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Instit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... utions 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 November 22, 2018. The non-competitive bids should be submitted between 11.00 a.m. and 12.00 noon and the competitive bids sho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uld be submitted between 11.00 a.m. and 12.30 p.m. The result of the auctions will be announced on November 22, 2018 (Thursday) and payment by successful bidders will be on November 26, 2018 (Monday). The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide Cir .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X