Auction for Sale of Government Stocks

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..... Auction for Sale of Government Stocks - News and Press Release Dated:- 26-12-2012 - News - Press Information Bureau Government of India Ministry of Finance 26-December-2012 12:10 IST 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 p .....

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..... ercent Government 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, Mumbai Office, Fort, Mumbai on December 28 .....

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..... , 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 non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) System .....

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..... on December 28, 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 December 28, 2012 and payment by successful bidders will be on December 31, 2012 (Monday). The Stocks will be eligible for When Issued trading in accordance with the .....

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..... 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: Pausha 5, 1934; December 26, 2012 ******* DSM/RS/ka - News - Press release - PIB Tax Management In .....

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..... dia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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