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Auction for Sale (Re-issue) of Government Stock
June, 19th 2012
                                    PRESS COMMUNIQUE

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

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

\"9.15      percent     Government       Stock      2024\"     for       a     notified   amount   of

` 7,000 crore (nominal) through price based auction, (iii) \"8.28 percent Government Stock 2027\"

for a notified amount of ` 2,000 crore (nominal) through price based auction and (iv) \"8.83

percent        Government       Stock      2041\"       for         a       notified     amount   of

` 2,000 crore (nominal) through price based auction. The auctions will be conducted by the

Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 22, 2012 (Friday) using uniform
price method.


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 June 22, 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 June 22, 2012 and payment by
successful bidders will be on June 25, 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 June 18, 2012



 
 
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