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Auction for Sale (Re - issue) of Government Stock
July, 17th 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) "8.33 percent Government Stock 2026" for a notified amount of ` 7,000 crore (nominal)

through price based auction, (iii) "8.28 percent Government Stock 2032" 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 using uniform price method. The
auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai
on July 20, 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 July 20, 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 July 20, 2012 and payment by
successful bidders will be on July 23, 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 July 16, 2012



 
 
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