{"id":3063,"date":"2017-08-15T14:02:25","date_gmt":"2017-08-15T08:32:25","guid":{"rendered":"http:\/\/www.factstoday.in\/?p=3063"},"modified":"2017-08-15T14:02:25","modified_gmt":"2017-08-15T08:32:25","slug":"auction-sale-re-issue-government-stocks-2","status":"publish","type":"post","link":"http:\/\/www.factstoday.in\/auction-sale-re-issue-government-stocks-2\/","title":{"rendered":"Auction for Sale (Re-issue) of Government Stocks\u00a0"},"content":{"rendered":"
<\/p>\n
Government of India has announced the sale (re-issue) of<\/p>\n
(i) \u201c6.84 per cent Government Stock, 2022\u201d for a notified amount of\u00a0\u00a0` 3000 crore<\/strong>\u00a0(nominal) through\u00a0price based auction<\/u>,<\/p>\n (ii) \u201c6.79 per cent Government Stock\u00a0 2029\u201d for a notified amount of\u00a0` 7,000 crore<\/strong>\u00a0(nominal) through\u00a0price based auction<\/u>,<\/p>\n (iii) \u201c6.57 per cent Government Stock \u00a02033\u201d for a notified amount of\u00a0` 2,000 crore<\/strong>\u00a0(nominal) through\u00a0price based auction<\/u>,<\/p>\n (iv) \u201c6.62 per cent Government Stock, 2051\u201d for a notified amount of\u00a0\u00a0` 3,000 crore<\/strong>\u00a0(nominal) through\u00a0price based auction<\/u>.<\/p>\n The auctions will be conducted\u00a0using\u00a0multiple price<\/u>\u00a0method<\/strong>. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on\u00a0August 18, 2017 (Friday)<\/strong>.<\/p>\n Up to 5% of the notified amount of the sale of the stocks\u00a0<\/strong>will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.<\/p>\n 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 The result of the auctions will be announced on\u00a0August 18, 2017 (Friday)\u00a0<\/strong>and payment by successful bidders will be on\u00a0August 21, 2017 (Monday)<\/strong>.<\/p>\n The Stocks will be eligible for \u201cWhen Issued\u201d trading in accordance with the guidelines on\u00a0\u2018When Issued transactions in Central Government Securities\u2019\u00a0<\/strong>issued by the Reserve Bank of India vide circular No. RBI\/2006-07\/178 dated November 16, 2006, as amended from time to time.<\/p>\n","protected":false},"excerpt":{"rendered":" Government of India has announced the sale (re-issue) of (i) \u201c6.84 per cent Government Stock, 2022\u201d for a notified amount of\u00a0\u00a0` 3000 crore\u00a0(nominal) through\u00a0price based auction, (ii) \u201c6.79 per cent Government Stock\u00a0 2029\u201d for a notified amount of\u00a0` 7,000 crore\u00a0(nominal) through\u00a0price based auction, (iii) \u201c6.57 per cent Government Stock \u00a02033\u201d for a notified amount of\u00a0` […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
\nAugust 18, 2017<\/strong>. The non-competitive bids should be submitted between 10.30 a.m. and
\n11.30 a.m.\u00a0<\/strong>and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.<\/p>\n