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TMI BlogGovernment of India announce the sale of three dated securities for Rs.12,000 crore on December 28, 2012X X X X Extracts X X X X X X X X Extracts X X X X ..... Government of India announce the sale of three dated securities for Rs.12,000 crore on December 28, 2012 - News and Press Release Dated:- 24-12-2012 - News - Date : 24 Dec 2012 The Government of India have announced the sale (new/re-issue) of (i) 8.12 percent Government Stock 2020 for a notified amount of Rs.3,000 crore (nominal) through price based auction; (ii) 8.20 percent Governme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt Stock 2025 for a notified amount of Rs.6,000 crore (nominal) through price based auction; and (iii) a new 30-Year Government Stock 2042 for a notified amount of Rs.3,000 crore (nominal) through yield based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Fort, Mumbai on December 28, 2012 (Friday). Up to 5% of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 December 28, 2012. The non- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 December 28, 2012 and payment by successful bidders will be on December 31, 2012 (Monday). The stocks will qualify for the ready forward facility. The underwriting of the Government Securities un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der auctions by the Primary Dealers will be as per the Revised Scheme of Underwriting Commitment and Liquidity Support announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by Primary Dealers from 10:30 AM up to 12.00 noon on December 27, 2012 (Thursday) on the Reser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve Bank of India Core Banking Solution (E-Kuber) system. The Stocks will be eligible for When Issued trading for a period commencing from December 26, 2012 December 28, 2012 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The new thirty year stock will be reckoned as an eligible investment in Government Securities by banks for SLR purpose under Section 24 of the Banking Regulation Act, 1949. Ajit Prasad Assistant General Manager Press Release : 2012-2013/1054 - 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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