AUCTION FOR SALE(RE-ISSUE) OF ‘6.85
PER CENT GOVERNMENT STOCK, 2012’ AND GOVERNMENT STOCK OF 25 YEARS
ANNOUNCED
Government of India
have announced the sale (re-issue) of ‘6.85 per cent Government
Stock, 2012’ for a notified amount of Rs.6,000 crore (nominal)
through a price based auction using multiple price method.
Government of India have also announced the sale of a new 25 year
Stock for a notified amount of Rs.3000 crore (nominal) through
a yield based auction using multiple price method.
The auctions will be conducted by the Reserve Bank of India, Mumbai
Office, Fort, Mumbai on June 3,2003 (Tuesday).
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 should
be submitted to that office on June 3,2003. The competitive bids
by the NDS members should be submitted only in electronic format
using NDS , while all the non-competitive bids should be submitted
in the prescribed physical form. All bids should be submitted
by 12.30 P.M.
The results of the
auction will be announced on June 3,2003 and payment by successful
bidders will be during banking hours on June 4,2003 (Wednesday).
