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Government of India have announced the sale (re-issue) of “5.69 per cent Government Stock, 2018” for a notified amount of Rs.5,000 crore(nominal) through price based auction using multiple price method. Government of India have also announced the sale of new 30 – year Government Stock for a notified amount of Rs.3,000 crore(nominal) through yield based auction using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 8, 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 September 8, 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 September 8, 2005 and payment by successful bidders will be during banking hours on September 9, 2005 (Friday).
Department of Economic Affairs, Ministry of Finance
New Delhi: Bhadrapada 11, 1927; September 2, 2005
BY/GN-329/05
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