Government of India have announced the (i)
Sale (Re-issue) of “8.19 percent Government Stock 2020” for a notified amount
of Rs.3,000 crore (nominal) through price based auctions, (ii) Sale (Re-issue)
of “9.15 percent Government Stock 2024”
for a notified amount of Rs.6,000 crore (nominal) through price based
auctions, and (iii) Sale (Re-issue) of “8.97 percent Government Stock 2030” for
a notified amount of Rs.3,000 crore (nominal) through price based auctions. The
auctions will be conducted using uniform price method. The auctions will
be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai
on February 10, 2012 (Friday).
2.
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.
3.
Both competitive and non-competitive bids for the auction should be
submitted in electronic format on the Negotiated Dealing System (NDS) on February 10, 2012. 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 12.30 p.m.
4. The
result of the auctions will be announced on February 10, 2012 and payment by
successful bidders will be on February 13,
2012 (Monday).
5. 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 vide
circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to
time.
Department
of Economic Affairs, North Block,Ministry of Finance
New
Delhi: February 6, 2012
No comments:
Post a Comment