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Government Of India Announces Sale Of Five Dated Securities For ₹17,000 Crore

Capital Market 

The government of India has announced the Sale (Re-issue) of five dated securities for ₹17,000 crore. These include '6.17 per cent Government Stock, 2021' for a notified amount of '3,000 crore (nominal) through price based auction, '7.27 per cent Government Stock, 2026' for a notified amount of ' 3,000 crore (nominal) through price based auction, 'GoI Floating Rate Bonds, 2031' for a notified amount of ' 5,000 crore (nominal) through price based auction,'7.62 per cent Government Stock, 2039' for a notified amount of ' 2,000 crore (nominal) through price based auction and '7.63 per cent Government Stock, 2059' for a notified amount of ' 4,000 crore (nominal) through price based auction. Subject to the limit of '17,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to '1,000 crore each against anyone or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 20, 2019(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-Competitive Bidding Facility in the Auction of Government Securities.

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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, September 17 2019. 07:48 IST
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