Government of India
have announced the sale (re-issue) of (i) “8.19 percent Government Stock
2020” for a notified amount of Rs. 3,000 crore (nominal) through price
based auction, (ii) “8.20 percent Government Stock 2025” for a notified
amount of Rs.7,000 crore (nominal) through price based auction;
and (iii) “8.83 percent Government Stock 2041” for a notified amount of
Rs. 3,000 crore (nominal) through price based auction. The auctions will
be conducted using uniform price method. The auctions will be conducted
by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November
23, 2012 (Friday).
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
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 23, 2012. The non-competitive bids
should be submitted between 10.30 a.m. and 11.30 a.m.and the competitive
bids should be submitted between 10.30 a.m. and 12.00 noon.
The result of the auctions will be announced on November 23, 2012 and
payment by successful bidders will be on November 26, 2012 (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 circular No. RBI
/2006-07/178 dated November 16, 2006 as amended from time to time.