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Auction for Sale(Re-issue) of Government Stock
May, 16th 2012
                                PRESS COMMUNIQUE

Government of India have announced the (i) Sale (Re-issue) of "8.19 percent Government

Stock 2020" for a notified amount of ` 4,000 crore (nominal) through price based auctions,

(ii) Sale (Re-issue) of "9.15 percent Government Stock 2024" for a notified amount of

` 7,000 crore (nominal) through price based auctions, (iii) Sale (Re-issue) of "8.97 percent

Government Stock 2030" for a notified amount of ` 2,000 crore (nominal) through price

based auctions and (iv) Sale (Re-issue) of "8.83 percent Government Stock 2041" 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 18, 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 18, 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 18, 2012 and payment by
successful bidders will be on May 21, 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
Dated, the May 14, 2012



 
 
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