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Auction for Sale (Re-issue) of ‘5.09 per cent Government Stock, 2022’, Auction for Sale (Re-issue) of ‘5.77 per cent GS, 2030’, Auction for Sale (Re-issue) of ‘GoI Floating Rate Bonds, 2033’, and Auction for Sale (Re-issue) of ‘7.19 per cent Government Stock, 2060’

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..... Auction for Sale (Re-issue) of ‘5.09 per cent Government Stock, 2022’, Auction for Sale (Re-issue) of ‘5.77 per cent GS, 2030’, Auction for Sale (Re-issue) of ‘GoI Floating Rate Bonds, 2033’, and Auction for Sale (Re-issue) of ‘7.19 per cent Government Stock, 2060’ - News and Press Release Dated:- 10-8-2020 - News - The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.09 p .....

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..... er cent Government Stock, 2022 for a notified amount of ₹ 3,000 crore (nominal) through price based auction , (ii) 5.77 per cent GS, 2030 for a notified amount of ₹ 18,000 crore (nominal) through price based auction , (iii) GoI Floating Rate Bonds, 2033 for a notified amount of ₹ 4,000 crore (nominal) through price based auction , and (iv) 7.19 per cent Government .....

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..... Stock, 2060 for a notified amount of ₹ 5,000 crore (nominal) through price based auction . GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on August 14, 2020 (Friday) using multiple price method . Up to 5% of the not .....

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..... ified 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 on August 14, 2020 . The non-c .....

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..... ompetitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result of the auctions will be announced on August 14, 2020 (Friday) and payment by successful bidders will be on August 17, 2020 (Monday) . The Stocks will be eligible for When Issued trading in accordance with the guidelines o .....

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..... n When Issued transactions in Central Government Securities issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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