Government announces sale of two dated securities on August 8

Mumbai, July 31 (UNI) The Government of India has announced the sale (re-issue) of '9.39 per cent Government stock 2011' for a notified amount of Rs 6,000 crore (nominal) and the '7.59 per cent Government stock 2016' for a notified amount of Rs 3,000 crore, through price based auctions using multiple price method on August eigt, 2006, a RBI release issued today said.

The auctions will be conductd by the Reserve Bank of India, Mumbai Office, Fort Mumbai on August 8, 2006.

Upto five per cent of the notified amount of the sale of both the stocks will be allotted to eligioble individuals and institutions as per the Scheme for Non-Competitive Bidding facility in the auction of Government securities.

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