Auction for sale (reissue) of government stock on July 20

New Delhi, July 13 (UNI) The Government today announced the sale (re-issue) of "7.27 per cent Government Stock, 2013 for a notified amount of Rs. 6,000 crore (nominal) through a priced based auction using multiple price method.

It also announced the sale (re-issue) of "7.95 per cent Government Stock, 2032" for a notified amount of Rs. 3,000 crore (nominal) through a price based auction using multiple price method.

The auctions will be conducted by the Reserve Bank of India, Mumbai Office on July 20.

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

Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai-400 001 and RBI website www.rbi.org.in should be submitted to that Office on July 20.

The NDS members should submit competitive as well as non-competitive bids in electronic format using Primary Market Operation (PMO) module of NDS. All bids should be submitted by 12.30 PM.

The result of the auctions will be announced on July 20 and payment by successful bidders will have to be made during banking hours on July 23.

Both the Stocks will be eligible for 'When Issued' trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide circular No RBI/2006-07/178 dated November 16, 2006.

UNI