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
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 Indias 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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