Auction for Sale (Re-issue) of ‘8.07 per cent Government Stock, 2017’ - ଆରବିଆଇ - Reserve Bank of India
Auction for Sale (Re-issue) of ‘8.07 per cent Government Stock, 2017’
Government of India New Delhi, dated August 01, 2011 NOTIFICATION F. No.4 (4)-W&M/2011: Government of India hereby notifies sale (reissue) of ‘8.07 per cent Government Stock, 2017’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 4,000 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 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 by a price based auction using uniform price auction method. 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 fifteen-year tenure commencing from January 15, 2002. The Stock will be repaid at par on January 15, 2017. 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 August 05, 2011. The payment by successful bidders will be on August 08, 2011 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 last coupon payment, i.e., July 15, 2011 to August 07, 2011. Interest 8. Interest at the rate of 8.07 per cent per annum will accrue on the nominal value of the Stock from the date of last coupon payment and will be paid half yearly on January 15 and July 15. By Order of the President of India (Shaktikanta Das) |