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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.6,000 crore (nominal). Government of India have also announced the sale (re-issue) of “10.25 per cent Government Stock, 2021” for a notified amount of Rs.4,000 crore. Both the Government Stocks will be sold through price based auctions using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 6, 2005 (Monday).
Up to 5 per cent of the notified amount of the sale of both the stocks will be allotted to eligivle individuas 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 June 6, 2005. The NDS members should submit competitive as wel as non-competitive bid in electronic format using Primary Market Operation (PMO) module of NDS, which has also become operational for Government of India dated securities. All bids should be submitted by 12.30.p.m.
The results of the auctions will be announced on June 6, 2005 and payment by successful bidders will be during banking hours on June 7, 2005 (Tuesday).
Ministry of Finance (Department of Economic Affairs) New Delhi: Jyaistha 12, 1927; June 2, 2005
BSC/BY/CS-231/05
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