Auction for Sale (Re-issue) of 7.83 per Cent Government Stock, 2018

Government of India have announced the Sale (Re-issue/Issue) of (i)“7.83 percent Government Stock 2018” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) “New 10-year Government Stock 2023” for a notified

amount of Rs. 7,000 crore (nominal) through yield based auction , (iii) “8.97 percent Government Stock 2030” for a notified amount of Rs. 2,000 crore (nominal) through price based auction and (iv) “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 multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 17, 2013

(Friday).

Up to 5% of the notified amount of the sale of the stocks will 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 May 17, 2013. 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 May 17, 2013 and payment by successful bidders will be on May 20, 2013 (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.

Department of Economic Affairs, Ministry of Finance, Government of India

New Delhi: Vaisakha 23, 1935; May 13, 2013

DSM/RS/ka

(Release ID :95955)