Auction for Sale of Government Stocks.

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..... Auction for Sale of Government Stocks.
News and Press Release
Dated:- 3-7-2012

Press Information Bureau Government of India Ministry of Finance 03-July-2012 13:39 IST Auction for Sale of Government Stocks PRESS NOTE Government of India have announced the sale (new/re-issue) of (i) "8.19 percent Government Stock 2020" for a notified amount of Rs. 4,000 crore (nominal) through pr .....

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..... ice based auction, (ii) "New 14 Years Government Stock 2026" for a notified amount of Rs. 6,000 crore (nominal) through yield based auction, (iii) "8.28 percent Government Stock 2032" 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 auctio .....

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..... ns will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on July 06, 2012 (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 .....

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..... non-competitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on July 06, 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 p.m. The result of the auctions will be announced on July 06, 2012 and payment by successful bidders will be o .....

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..... n July 09, 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. Department of Economic Affairs, Ministry of Finance New Delhi: Ashadha 12, 1934; July 03, 2012 .....

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..... DSM/SS/GN
News - Press release - PIB .....

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