Auction for Sale (Re-issue) of Government Stock

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Auction for Sale (Re-issue) of Government Stock - News and Press Release Dated:- 12-10-2015 - News - The Government of India have announced the Sale (issue/re-issue) of (i) 7.35 per cent Government Stock 2024 for a notified amount of ₹ 2,000 crore (nominal) through price based auction , (ii) New Government Security maturing on March 20, 2029 for a notified amount of ₹ 7,000 cror .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e (nominal) through yield based auction , (iii) 8.24 per cent Government Stock 2033 for a notified amount of ₹ 3,000 crore (nominal) through price based auction , and (iv) 8.13 per cent Government Stock 2045 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by the Reserve Bank of India(RBI), Mumbai Office, Fort, Mumbai on October 16, 2015 (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 el .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ectronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 16, 2015. 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 16, 2015 and payment by successful bidders will be October 19, 2015 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (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 (RBI), vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxma .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X