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Auction for Sale of Government Stocks

Auction for Sale of Government Stocks

The Government of India has announced the Sale (Re-issue) of (i) ‘7.00 per cent Government Stock, 2021’ for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) ‘7.27 per cent Government Stock, 2026’ for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (iii) ‘Govt. of India Floating Rate Bonds, 2031’ for a notified amount of Rs. 5,000 crore (nominal) through price based auction, (iv) ‘7.62 per cent Government Stock, 2039’ for a notified amount of Rs. 2,000 crore (nominal) through price based auction, and (v) ‘7.63 per cent Government Stock, 2059’ for a notified amount of Rs. 4,000 crore (nominal) through price based auction. Subject to the limit of Rs. 17,000 crore, being total notified amount, the Government of India will have the option to retain additional subscription up to Rs. 1,000 crore each against any one or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on May 31, 2019 (Friday).

Up to 5% of the notified amount of the sale of the stockswill be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

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