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Auction for Sale (Re-issue) of Government Stock
May, 08th 2012
                                    PRESS COMMUNIQUE


Government of India have announced the sale (re-issue) of (i) "8.24 percent Government
Stock 2018" for a notified amount of ` 4,000 crore (nominal), (ii) "8.79 percent Government
Stock 2021" for a notified amount of ` 7,000 crore (nominal), (iii) "8.28 percent Government
Stock 2027" for a notified amount of ` 2,000 crore (nominal), and (iv) "8.33 percent
Government Stock 2036" for a notified amount of ` 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
May 11, 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 May 11, 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.


4.     The result of the auctions will be announced on May 11, 2012 and payment by
successful bidders will be on May 14, 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.




GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
NORTH BLOCK, NEW DELHI-110001
Dated, the May 07, 2012

 
 
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