Auction of 3 GOI Dated Securities on 09.11.2012
Government of India announced
the sale of Three dated securities on 09th November 2012 for Rs.13,000
Crores.
With reference to the above
subject we would like to inform you that, Government of India have announced:
(i)
Sale (re-issue) of “8.19 Percent
Government Stock 2020” for a notified amount of Rs.3,000 crore (nominal)
through price based auction
(ii)
Sale (re-issue) of “8.20 Percent
Government Stock 2025” for a notified amount of Rs.7,000 crore (nominal) through
price based auction
(iii)
Sale (re-issue) of “8.83 percent
Government Stock 2041” for a notified amount of Rs.3,000 crore (nominal)
through price based auction
All the auction will be conducted
using Uniform Price Method. The auction
will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai
on 09th November, 2012 (Friday).
Upto 5% of the notified amount of
the sale of stocks will be allotted to eligible individuals and institutioins
as per the scheme of Non Comptitive 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 Reserve Bank of India Core Banking Solution (E-Kuber) System on 09th
November, 2012 (Friday). The non-competitive bids should be submitted before
10.30 a.m. and the competitive bids should be submitted before 11.00 a.m.
The result of the auctions will
be announced on 09th November, 2012 (Friday) and payment by
successful bidders will be on 12th November, 2012 (Monday).
The investment in Government
Stocks will be reckoned as an eligible investment in Government Securities by
Banks for the purpose of Statutory Liquidity Ration (SLR) under Section 24 of
the Banking Regulation Act, 1949.
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