Government of India announced the sale of securities through price based auction - આરબીઆઈ - Reserve Bank of India
IST,
Government of India announced the sale of securities through price based auction
The Government of India has announced an auction of the following two dated securities for an aggregate amount of Rs. 5,000 crore :
Sr.No. | Nomenclature | Subscription Amount | |
1. | 12.32% Government Stock, 2011 | 2,000 | |
2. | 12.40% Government Stock, 2013 | 3,000 | |
Total | 5,000 | ||
The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, June 16, 1999. Bids, in the prescribed form obtainable from Chief General Manager, Reserve Bank of India, Public Debt Office, Fort, Mumbai should submitted on Wednesday, June 16, 1999 during banking hours. On the basis of bids received, RBI will determine the minimum price at which offers will be accepted. The results of the auction will be announced on Wednesday, June 16, 1999 and payment by successful bidders will be during banking hours on Thursday, June 17, 1999. The Stocks will qualify for the ready forward facility.
Rupambara Padhi
Manager
Press Release : 1998-99/1547
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