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TMI BlogGovernment of India announce the sale of four dated securities for Rs. 15,000 crore on October 11, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... Government of India announce the sale of four dated securities for Rs. 15,000 crore on October 11, 2013 - News and Press Release Dated:- 7-10-2013 - News - The Government of India have announced the sale (Re-issue) of (i) 8.12 percent Government Stock 2020 for a notified amount of Rs. 4,000 crore (nominal) through price based auction; (ii) 8.28 percent Government Stock 2027 for a notified am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount of Rs.6,000 crore (nominal) through price based auction;(iii) 9.20 percent Government Stock 2030 for a notified amount of Rs. 3,000 crore (nominal) through price based auction, and (iv) 8.83 percent Government Stock 2041 for a notified amount of Rs. 2,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Reserve Bank of India, Fort, Mumbai on October 11, 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 Rese ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rve Bank of India Core Banking Solution (E-Kuber) system on October 11, 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 October 11, 2013 and payment by successful bidders will be on October 14, 2013 (Monday). The stocks will qualif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y for the ready forward facility. The underwriting of the Government Securities under 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dealers from 10:30 a.m. up to 12.00 noon on October 10, 2013 (Thursday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system. The Stocks will be eligible for When Issued trading for a period commencing from October 8, 2013 October 11, 2013 in accordance with the guidelines on When Issued transactions in Central Government Securities issued by the Reserve Bank of India vide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time. Sucheta Vazkar Manager - 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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