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TMI BlogAuction for Sale (Re-issue) of Government of India Floating Rate Bonds and Government StocksX X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-issue) of Government of India Floating Rate Bonds and Government Stocks - News and Press Release Dated:- 10-10-2017 - News - The Government of India has announced the Sale (re-issue) of (i) Government of India Floating Rate Bonds 2024 for a notified amount of ₹ 3000 crore (nominal) through price based auction , (ii) 6.79 per cent Government Stock, 2027 for a no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tified amount of ₹ 8,000 crore (nominal) through price based auction , (iii) 7.73 per cent Government Stock 2034 for a notified amount of Rs.2,000 crore (nominal) through price based auction , (iv) 7.06 per cent Government Stock, 2046 for a notified amount of ₹ 2,000 crore (nominal) through price based auction . Subject to the limit of Rs. 15,000 crore, being total noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fied amount, GoI will have the option to retain additional subscription up to ₹ 1,000 crore against any of the above security. The auctions will be conducted using multiple price method . The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 13, 2017 (Friday) . Up to 5% of the notified amount of the sale of the stocks will be allotted t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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 October 13, 2017 . The non-competitive bids should be submitted between 10.30 a.m. an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 13, 2017 (Friday) and payment by successful bidders will be on October 16, 2017 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Governme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt 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. - 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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