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Auction for sale of Government Stocks
April, 10th 2012
                                  Embargoed : 6.45 p.m.
                                                                                         "15"
                                                                                    pib.nic.in
                              PRESS INFORMATION BUREAU
                                GOVERNMENT OF INDIA
                                         *****

                   AUCTION FOR SALE OF GOVERNMENT STOCKS

                                        PRESS NOTE


       Government of India have announced the sale (re-issue) of (i) "8.24 percent
Government Stock 2018" for a notified amount of Rs.4,000 crore (nominal), (ii) "8.79 percent
Government Stock 2021" for a notified amount of Rs.7,000 crore (nominal), (ii) "8.28 percent
Government Stock 2027" for a notified amount of Rs.2,000 crore (nominal), and (iii) "8.33
percent Government Stock 2036" for a notified amount of Rs.2,000 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 April
13, 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 Securities.

       Both competitive and non-competitive bids for the auction should be submitted in
electronic format on the Negotiated Dealing System (NDS) on April 13, 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 12.00 p.m.

      The result of the auctions will be announced on April 13, 2012 and payment by
successful bidders will be on April 16, 2012 (Monday).

       The Stocks will be eligible for "When Issued" trading in accordance wi th 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: Chaitra 20, 1934; April 09, 2012


DSM/SS/GN



 
 
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