Auction for sale of Government Stock Dated 05th March, 2012
March, 06th 2012
Embargoed : 6.45 p.m.
PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
AUCTION FOR SALE OF GOVERNMENT STOCKS
Government of India have announced the sale (re-issue) of (i)
"8.24 percent Government Stock 2018" for a notified amount of
Rs.3,000 crore (nominal), (ii) "8.79 percent Government Stock 2021" for
a notified amount of Rs.6,000 crore (nominal), and (iii) "8.83
percent Government Stock 2041" 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 March
09, 2012 (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
Both competitive and non-competitive bids for the auction should
be submitted in electronic format on the Negotiated Dealing System
(NDS) on March 09, 2012. The noncompetitive 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.
The result of the auctions will be announced on March 09,
2012 and payment by successful bidders will be on March 12, 2012
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, Ministry of Finance
New Delhi: Phalguna 15, 1933; March 05, 2012