Government of India have announced sale (re-issue) by auction of "11.43 per cent Government Stock, 2015" for an aggregate amount of Rs 3,000 crore (nominal).

The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Tuesday, December 26, 2000. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted to him on December 26, 2000 during the banking hours. On the basis of bids received, RBI will determine the minimum price at which offers will be accepted.

Government of India have also announced sale by auction of a new 20-year Government Stock for Rs 1,000 crore (nominal). The auction will be yield based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Tuesday, December 26, 2000. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted to him on December 26, 2000 during the banking hours. On the basis of bids received, Reserve Bank of India will determine the maximum rate of yield at which offers will be accepted.

The results of the auctions will be announced on December 26, 2000 and payment by successful bidders will be during banking hours on December 27, 2000. The stocks will qualify for the ready forward facility.

Bids for underwriting of the Government Security under auction can be submitted by the ‘Primary Dealers in the Government Securities Market’ up to 12.30 p.m. on December 23, 2000 to the Chief General Manager, Internal Debt Management Cell, Reserve Bank of India, Central Office , Fort, Mumbai 400 001.