Issue of "11.00 per cent Government Stock, 2006" and "11.30 per cent Government Stock 2010" on private placement –cum- tap sale basis - ஆர்பிஐ - Reserve Bank of India

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Issue of "11.00 per cent Government Stock, 2006" and "11.30 per cent Government Stock 2010" on private placement –cum- tap sale basis

Government of India have, vide notifications no. 4(7)-W&M/2000(1) and no.4(7) -W&M/2000(2) both dated July 27, 2000, announced the issue of two new Government securities of six year and ten year tenures respectively to Reserve Bank of India on ‘private placement’ basis as per the following details.

 

6 year Govt Security

10 year Govt Security

Nomenclature

11.00 percent Government Stock, 2006

11.30 percent Government Stock 2010

Notified amount

Rs 3,000.00 crore

Rs 3000.00 crore

Issue price

At par i.e Rs 100.00 per cent

At par i.e Rs 100.00 per cent

Date of issue/Comm-encement of tenure

July 28,2000

July 28,2000

Date of repayment

July 28, 2006

July 28,2010

Interest

At the rate of 11.00 percent on the nominal value of the stock, payable half yearly on January 28 and July 28

At the rate of 11.30 percent on the nominal value of the stock payable half yearly on January 28 and July 28

2. The Stocks will be issued to Reserve Bank of India on July 28, 2000 (Friday) and simultaneously the same will be placed for sale on tap through Reserve Bank of India’s Open Market Window at the same prices. The sale may be closed by Reserve Bank of India at any time on or after July 28, 2000.

P. V. Sadanandan
Asstt. Manager

Press Release : 2000-2001/143

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