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Auction for Sale (Re-issue) of Government Stock Dated 2nd July, 2012
July, 04th 2012
                                    PRESS COMMUNIQUE

Government of India have announced the sale (new/re-issue) of (i) "8.19 percent Government

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

(ii) "New 14 Years Government Stock 2026" for a notified amount of ` 6,000 crore (nominal)

through yield 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 ` 3,000 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 06, 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 06, 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 06, 2012 and payment by
successful bidders will be on July 09, 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.

Dated, the July 02, 2012

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