 "Govt to sell 4 securities for Rs 15,000 cr on Jul 15: RBI")
Government will sell four dated securities for Rs 15,000 crore on Friday using multiple price method, the Reserve Bank of India said on Monday.
"Up to 5% of the notified amount of the sale stocks will be allotted to eligible individuals and institutions according to the Scheme for the Non-Competitive Bidding Facility in the auction of Government Securities," the central bank said.
Both competitive and non-competitive bids for the auction has to be submitted in an electronic format on the RBI Core Banking Solution (E-Kuber) system on July 15.
The result of auctions will be announced on July 15, and payment by successful bidders will be on July 18.
The securities to be sold are: 7.35% Government Stock 2024 (Rs 3,000 crore), 7.61% Government Stock 2030 (Rs 8,000 crore), 7.50% Government Stock 2034 (Rs 2,000 crore) and 8.17% Government Stock 2044 (Rs 2,000 crore).
"Up to 5% of the notified amount of the sale stocks will be allotted to eligible individuals and institutions according to the Scheme for the Non-Competitive Bidding Facility in the auction of Government Securities," the central bank said.
Both competitive and non-competitive bids for the auction has to be submitted in an electronic format on the RBI Core Banking Solution (E-Kuber) system on July 15.
Also Read
The stocks will be eligible for trading when issued on July 12- July 15.
The result of auctions will be announced on July 15, and payment by successful bidders will be on July 18.
The securities to be sold are: 7.35% Government Stock 2024 (Rs 3,000 crore), 7.61% Government Stock 2030 (Rs 8,000 crore), 7.50% Government Stock 2034 (Rs 2,000 crore) and 8.17% Government Stock 2044 (Rs 2,000 crore).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%