Govt to sell 4 dated securities for Rs 14,000 crore on Sep 2

Government will sell four dated securities for Rs 14,000 crore on September 2 and the result of the auctions will be announced on the same day.
"The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India...," the Finance Ministry said in a statement.
Up to 5 per cent 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.
"The result of the auctions will be announced on September 02, 2016 and payment by successful bidders will be on September 06, 2016 (Tuesday)," it added.

It further said that both competitive and non-competitive bids for the auction should be submitted in electronic format on the RBI Core Banking Solution (E-Kuber) system on September 2.
The stocks will be eligible for 'When Issued' trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities'.