Auction for Sale (re-issue) of Government Stock Dated 30th April, 2015
May, 01st 2015
Government of India have announced the Sale (issue/re-issue) of (i) "7.68 per cent
Government Stock 2023" for a notified amount of ` 3,000 crore (nominal) through price
based auction, (ii) "new security maturing on March 19, 2030" for a notified amount of
` 7,000 crore (nominal) through yield based auction, (ii) "8.24 per cent Government Stock
2033" for a notified amount of ` 3,000 crore (nominal) through price based auction, and (iv)
"8.17 per cent Government Stock 2044" for a notified amount of ` 3,000 crore (nominal)
through price based auction. The auctions will be conducted using multiple price method.
The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai
on May 08, 2015 (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 Reserve Bank of India Core Banking Solution (E-Kuber) system on
May 08, 2015. 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 noon.
4. The result of the auctions will be announced on May 08, 2015 and payment by
successful bidders will be on May 11, 2015 (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 April 30, 2015