Government of India have announced sale (re-issue) by auction of "9.81 percent Government Stock, 2013" for an aggregate amount of Rs 4,000 crore (nominal). The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, August 8, 2001. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted to that Office on August 8, 2001, 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 18-year Government Stock for Rs 2,000 crore (nominal). The auction will be yield based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, August 8, 2001. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted to that Office on August 8, 2001, during 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 August 8, 2001 and payment by successful bidders will be during banking hours on August 9, 2001. The stocks will qualify for the ready forward facility.

Bids for underwriting of the Government Securities under auction can be submitted by the ‘Primary Dealers in the Government Securities Market’ up to 2.30 p.m. on August 7, 2001 to the CGM-in-Charge, Internal Debt Management Cell, Reserve Bank of India, Central Office, Fort, Mumbai 400 001.