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Auction for Sale (Re-issue) of Government Stock (GS) September 09, 20,t9
September, 11th 2019
                                                        Government of India
                                                         Ministry of Finance
                                                   Department of Economic Affairs
                                                          Budget Division

                                                                                             New Delhi, dated: September 09, 20,t9

                                  Auction for Sale (Re-issuel of Government StockJGS)

                                        of lndia                    sale (re-issue) of the                 ment Stocks:
         Name of the    oate of Original Original Tenure                    Date of        Auction    Auction      Notified Amounl
          Securitv           lssue        (vv-mm-dd)                      Maturitv          Basis     Method         (in   {   Crore)
 7.32Vo GS 2024           Jan.28,2019                   05-00-00       Jan. 28,2024          Price    Multiple                 5,000
 7.57% GS 2033            May 20, 2019                  '14-00-27      Jun. 17,2033          Price    Multiple                 6,000
 7.69% cS 2043            Apr.30,2019                   24-01-17       Jun. 17, 2043         Price    lvlultiple               2,000
 7.72% cS 2049            Apr. 15, 2019                 30-02-00       Jun. '15, 2049        Price    Nlultiple                4,000

Subject to the limit of t17,000 crore, being toial notified amount, Government of lndia will have the optlon to retajn
additional subscription up to 11,000 crore each against any one or more of the above securjties. The sale will be subject
to the terms and conditions spelt out in this notification (called 'specific Nolification'). The Stock will be sold through
Reserve Bank of lndia, Mumbai Offlce, Fort, Mumbai- 4OO 001 as per the terms and conditions specified in the General
Notification F. No.4(2)-W&M/2018, dated March 27, 2018 issued by Government of India.

Allotmenl to Non-competitive Bidders
2 The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions
as per the enclosed Scheme for Non-competitive Bidding Facitity in the Auctions of Government Securities (Annex).

Place and date of auctio_!
3. The auction will be conducted by Reserve Bank of lndia, Mumbai Office. Fort. Mumbai -                               4OO OO1 on
sePtember 13, 2019. Bids for the auction should be submitted in electronic fofmat on the Reserve Bank of lndia core
Eanking solution (E-Kuber) system on september 13,2019. The non-competitive bids should be submitted between
11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m.

When lssued Tradinq
4.      stocks will be eligible for "When Issued" kading in accordance with the guidelines issued by the Reserve Bank of

Date of issue and Davment for the stock
5. The result of the auction shall be djsplayed by the Reserve Bank of lndia at its Fort. Mumbai Office                                 on
September 13,2019. The payment by successful bidders will be on September 16,2019 i.e. the date of re-issue. The
payment for the Stocks will include accrued interest on ihe nominal value of the Stock allotted in the auction from the
date of original lssue/last coupon payment date to the date up to which accrued interest is due as menljoned in the table
in para 6.

Pavment of Interest ancl Ra-oavment of Stock
6. Interest will accrue on the nominal value of the Stock from the date of original issue/lasl coupon payment and will
be paid halt yearly. The lstocks wlll be repaid at par on date of maturity.

         Name of the     Coupon rate            Date of Last                Date upto which                 Date of Coupon
          Secu ritv           (%l             Coupon pavment             accrued interest is due       pavments (month/datel
7 .320/o GS 2024              7.32                 Jul. 28, 2019             Sept.15, 2019                  Jan. 28 and Jul. 28
7.57% GS 2033                 757                  Jun.17   ,2019            Sept.15,2019                  Dec. 17 and Jun. 17
7.69% cS 2043                 7.69                 Jun.17, 201  I            Sept.15,2019                  Dec. '17 and Jun. 17
7 .720/0 GS 2049                  .72              Jun.15, 2019              Sept.15,2019
                              7                                                                            Dec. 15 and Jun. 15

                                                                                    Joint Secretary to the Government of India
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