Sale (Re-issue) of Government Securities to RBI on Private Placement - आरबीआय - Reserve Bank of India
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Sale (Re-issue) of Government Securities to RBI on Private Placement
The Government of India, vide notifications F.No. 4(7) -W&M/2001 and F.No.4(7)- W&M/2001(1) both dated April 20, 2001 have announced the sale (re-issue) of two Government securities viz "11.50 per cent Government Stock 2011" and "10.71 percent Government Stock 2016" to Reserve Bank of India on private placement basis as per the following details.
Nomenclature | 11.50 percent Government Stock, 2011 | 10.71 percent Government Stock, 2016 |
Notified amount | Rs 4,000.00 crore | Rs 4000.00 crore |
Issue price | Rs. 107.50 per Rs 100(face value) | Rs.100.55 per Rs 100 (face value) |
Date of redemption of the security | November 24, 2011 | April 19, 2016 |
Interest | At the rate of 11.50 percent on the nominal value of the stock, payable half yearly on May 24 and November 24 | At the rate of 10.71 percent on the nominal value of the stock payable half yearly on April 19 and October 19 |
The Stocks will be issued to Reserve Bank of India on April 20, 2001.
Ajit Prasad
Manager
Press Release : 2000-2001/1445
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