TMI BlogAuction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Re-Issue) of ‘5.22% GS 2025’, Auction for Sale (Re-Issue) of ‘5.77% GS 2030’, and Auction for Sale (Re-issue) of ‘ 6.80% GS 2060’X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-Issue) of ‘5.09% GS 2022’, Auction for Sale (Re-Issue) of ‘5.22% GS 2025’, Auction for Sale (Re-Issue) of ‘5.77% GS 2030’, and Auction for Sale (Re-issue) of ‘ 6.80% GS 2060’ - News and Press Release Dated:- 19-10-2020 - News - The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.09 per cent Government Stock, 2022 for a notified amount of ₹ 3,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crore (nominal) through price based auction , (ii) 5.22 per cent Government Stock, 2025 for a notified amount of ₹ 12,000 crore (nominal) through price based auction , (iii) 5.77 per cent Government Stock, 2030 for a notified amount of ₹ 9,000 crore (nominal) through price based auction , and (iv) 6.80% Government Stock, 2060 for a notified amount of ₹ 7,000 crore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (nominal) through price based auction . GoI will have the option to retain additional subscription up to ₹ 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 23 , 2020 (Friday) using multiple price method . Up to 5% of the notified amount of the sale of the stockswill be allotted to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 October 23 , 2020 . The non-competitive bids should be submitted between 10.30 a.m. and 11 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auctions will be announced on October 23 , 2020 (Friday) and payment by successful bidders will be on October 26 , 2020 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Government Securities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued by the Reserve Bank of India 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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