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GOI Announces Sale (Re-issue) Of 8.24% G Sec 2027 For Notified Amount of Rs 3,000 Crore

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has announced the Sale (Re-issue) of (i) 8.24% Government Stock, 2027 for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 7.17% Government Stock, 2028 for a notified amount of Rs 4,000 crore (nominal) through price based auction, (iii) 7.50% Government Stock, 2034 for a notified amount of Rs 2,000 crore (nominal) through price based auction, and (iv) 7.72% Government Stock, 2055 for a notified amount of Rs 3,000 crore (nominal) through price based Subject to the limit of Rs 12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1,000 crore each against any one or of the above securities. The will be conducted using multiple price method. The will be conducted by the Reserve Bank of India, Office, Fort, on December 7, 2018 (Friday).

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-in the of Both competitive and non-competitive bids for the should be submitted in electronic format on the Core Banking Solution (E-Kuber) system on December 7, 2018. The result of the will be announced on December 7, 2018 (Friday) and payment by successful bidders will be on December 10, 2018 (Monday).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 12:47 IST
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