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:- 31-12-2018 - 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 Rs.2,000 crore (nominal) through price based auction , (ii) 8.24 per cent Government Stock, 2027 for a notified amount of Rs.2,000 crore (nominal) through pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice based auction , (iii) Government of India Floating Rate Bond 2031 for a notified amount of ₹ 3,000 crore (nominal) through price based auction ,(iv) 7.40 per cent Government Stock, 2035 for a notified amount of Rs.2,000 crore (nominal) through price based auction, and (v) 7.72 per cent Government Stock, 2055 for a notified amount of Rs.3,000 crore (nominal) through price ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed auction .Subject to the limit of Rs.12,000 crore , being total notified amount, GoI will have the option to retain additional subscription up to Rs.1,000 crore each against anyone 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 January4, 2019(Fri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... day) . Up to 5% of the notified amount of the sale of the stockswill 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 Janua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry 4, 2019 . The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noonand the competitive bids should be submitted between 11.30 a.m. and 12.30 noon. The result of the auctions will be announced on January 4, 2019 (Friday) and payment by successful bidders will be on January 7, 2019(Monday) . The Stocks will be eligible for When Issued trading in accordance with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... guidelines on When Issued transactions in Central Government Securities issued by the Reserve Bank of India (RBI) vide Circular No. RBI/2018-19/25 dated July 24, 2018 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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