Government of India Announced Sale of 8.07% Government Stock 2017
OREANDA-NEWS. August 2, 2011. Government of India have announced the sale (re-issue) of (i) "8.07 percent Government Stock 2017" for a notified amount of Rs.4,000 crore (nominal), (ii) "8.13 percent Government Stock 2022" for a notified amount of Rs.5,000 crore (nominal) and (iii) "8.28 percent Government Stock 2027" for a notified amount of Rs.3,000 crore (nominal) through price based auctions. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of
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.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on August 05, 2011. The noncompetitive bids should be submitted between
The result of the auctions will be announced on August 05, 2011 and payment by successful bidders will be on August 08, 2011 (Monday).
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.
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