Auction for Sale (Re-issue) of 1.44% Inflation Indexed Government Stock 2023 - ಆರ್ಬಿಐ - Reserve Bank of India
Auction for Sale (Re-issue) of 1.44% Inflation Indexed Government Stock 2023
Government of India New Delhi, dated October 23, 2013 NOTIFICATION Auction for Sale (Re-issue) of 1.44% Inflation Indexed Government Stock 2023 F. No.4 (16) W&M/2012: Government of India hereby notifies sale (re-issue) of 1.44% Inflation Indexed Government Stock-2023 (securities) for an aggregate amount of `1,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue Allotment to Non-competitive Bidders Place and date of auction Tenure Date of issue and payment for the stock Interest Price Index 8. Final Wholesale Price Index (WPI) will be used for calculating index ratio and thereby providing inflation protection. The monthly final WPI will be used as reference WPI for 1st day of a calendar month and the reference WPI for the days between 1st day of two contiguous calendar months will be computed through linear interpolation. Further, monthly final WPI will be used with a lag of four months, viz. final WPI for May 2013 and June 2013 will be used as reference WPI for 1st October 2013 and 1st November 2013, respectively. The reference WPI for 30th October 2013 will be 173.14194 (through linear interpolation of reference WPI for 1st October and 1st November at 171.4 and 173.2 respectively). In case of revision in the base year for WPI series after issuance of Inflation Indexed Government Stock, new WPI index will be used for indexation purposes and the past values of new WPI index would be computed through splicing the base. The monthly data on final WPI published by the Office of the Economic Adviser to the Government of India, Ministry of Commerce and Industry will be used. Index ratio 9. Index ratio is computed by dividing reference WPI of the settlement/coupon date with the reference WPI of the issue date (Base index value). Index ratio for a specific date is truncated to six decimal places and rounded off to five decimal places. Accordingly, the index ratio applicable for this auction is 1.01621 (173.14194 / 170.38000). By Order of the President of India (Peeyush Kumar) |