The Government
of India have announced the sale of “New Inflation Indexed Government Stock-2023” for a notified amount of Rs.1,000 crore (nominal) through yield based auction. The
auctions will be conducted using uniform
price method. The auctions will be conducted by the Reserve Bank of
India (RBI), Mumbai Office, Fort, Mumbai on June 4,
2013 (Tuesday).
Up to 20%
of the notified amount of the sale of 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.
Both
competitive and non-competitive bids for the auction should be submitted in
electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system June 4, 2013. The non-competitive bids should
be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m.
and 12.00 noon.
The result
of the auctions will be announced on June 4, 2013 and payment by successful
bidders will be on June 5, 2013 (Wednesday).
The new Inflation Indexed Government Stock-2023” for a notified amount of Rs.1,000 crore
would be issued within the planned Government market borrowing programme for the first half of
2013-14.
Department
of Economic Affairs, Ministry of Finance, Government of India
