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TMI BlogAuction for Sale (Re-Issue) of Government Stocks and Government of India Floating Rate BondsX X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (Re-Issue) of Government Stocks and Government of India Floating Rate Bonds - News and Press Release Dated:- 24-6-2019 - News - The Government of India has announced the Sale (Re-issue) of (i) 7.00 per cent Government Stock, 2021 for a notified amount of ₹ 3,000 crore (nominal) through price based auction , (ii) 7.27 per cent Government Stock, 2026 for a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notified amount of ₹ 3,000 crore (nominal) through price based auction , (iii) Government of India Floating Rate Bonds, 2031 for a notified amount of ₹ 5,000 crore (nominal) through price based auction , (iv) 7.62 per cent Government Stock, 2039 for a notified amount of ₹ 2,000 crore (nominal) through price based auction , and (v) 7.63 per cent Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Stock, 2059 for a notified amount of ₹ 4,000 crore (nominal) through price based auction . Subject to the limit of ₹ 17,000 crore , being total notified amount, the Government of India will have the option to retain additional subscription up to ₹ 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price met ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hod . The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on June 28, 2019 (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 June 28, 2019 . The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m. The result of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he auctions will be announced on June 28, 2019 (Friday) and payment by successful bidders will be on July 1, 2019 (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/2018-19/25 dated J ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uly 24, 2018 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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