Auction for Sale (Re-issue ) of ‘7.02 per cent Government Stock, 2016’ - ആർബിഐ - Reserve Bank of India
Auction for Sale (Re-issue ) of ‘7.02 per cent Government Stock, 2016’
Government of India New Delhi, dated October 16, 2009 NOTIFICATION Auction for Sale (Re-issue ) of ‘7.02 per cent Government Stock, 2016’ F. No.4 (1)-W&M/2009: Government of India hereby notifies sale (reissue) of ‘7.02 per cent Government Stock, 2016’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 3,000 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 3. The Government Stock up to 5 % of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and date of auction When Issued Trading Tenure 6. The Stock will be of seven-year tenure commencing from August 17, 2009. The Stock will be repaid at par on August 17, 2016. Date of issue and payment for the stock 7. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai office on October 23, 2009. The payment by successful bidders will be on October 26, 2009 i.e., the date of re-issue. The payment for the Stock will include accrued interest on the nominal value of the Stock allotted in the auction from the date of original issue i.e., August 17, 2009 to October 25, 2009. Interest 8. Interest at the rate of 7.02 per cent per annum will accrue on the nominal value of the Stock from the date of original issue and will be paid half yearly on February 17 and August 17. By Order of the President of India
|