No. of views : (2734)
Auction for sale (Re-issue) of Government stock
Posted on: 31/Dec/2015 9:43:26 AM
Government of India have announced the Sale (re-issue) of (i) 7.35 per cent Government Stock 2024 for a notified amount of 2,000 crore (nominal) through price based auction, (ii) 7.88 per cent Government Stock 2030 for a notified amount of 6,000 crore (nominal) through price based auction, (iii) 8.24 per cent Government Stock 2033 for a notified amount of 3,000 crore (nominal) through price based auction, and (iv) 8.13 per cent Government Stock 2045 for a notified amount of 3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method.The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 01, 2016 (Friday).
Up to 5 per cent 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.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 01, 2016. 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 noon.
The result of the auctions will be announced on January 01, 2016 and payment by successful bidders will be January 04, 2016 (Monday).
Post your requirement - We will connect with the right vendor or service provider
