Government of India announces the sale of securities through price based auction - ആർബിഐ - Reserve Bank of India

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Government of India announces 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
(Nominal) (Rs. crore)

1.

11.90% Government Stock, 2007

3,000

2.

12.60% Government Stock, 2018

2,000

 

Total

5,000

The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Thursday, October 7, 1999. Bids, in the prescribed form obtainable from Chief General Manager, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted of Thursday, October 7, 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 the same day and payment by successful bidders will be during banking hours on October 8, 1999. The stocks will qualify for the ready forward facility.

Rupambara Padhi
Manager

Press Release : 1999-2000/468

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