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Government of India have announced the sale (re-issue) of “7.37 per cent Government Stock, 2014” for a notified amount of Rs.5,000 crore(nominal). Government of India have also announced the sale (re-issue) of “7.50 per cent Government Stock, 2034” for a notified amount of Rs.3,000 crore. Both the Government Stocks will be sold through price based auction using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on August 18, 2005 (Thursday).
Up to 5% of the notified amount of the sale of both 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.
Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai-400 001 and RBI website www.rbi.org.in should be submitted to that Office on August 18, 2005. The NDS members should submit competitive as well as non-competitive bids in electronic format using Primary Market Operation (PMO) module of NDS. All bids should be submitted by 12.30 P.M.
The results of the auctions will be announced on August 18, 2005 and payment by successful bidders will be during banking hours on August 19, 2005 (Friday).
Department of Economic Affairs, Ministry of Finance
New Delhi: Sravana 25, 1927; August 16, 2005
BSC/BY/GN-306/05
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