Government of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New Delhi, dated: September 09, 20,t9
NOTIFICATION
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
.The
lndia.
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
|
