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Government of India Announces Sale Of Five Dated Securities For Rs 17,000 crore

Capital Market 

(GoI) has announced the sale (re-issue) of five dated securities for Rs 17000 These include 7.00% GS 2021 (Rs 3,000 crore), 7.27% GS 2026 (Rs 3,000 crore), 7.95% GS 2032 (Rs 5,000 crore), 7.62% GS 2039 (Rs 2,000 crore), 7.72% GS 2055 (4,000 crore). Subject to the limit of Rs17000 Cr, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 Cr each against any one or more of the above security. The auction will be price based using multiple price method. 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 Auction of
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Core Banking Solution (E-Kuber) system on April 18, 2019. The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 pm. The result of the auctions will be announced on April 18, 2019.

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

First Published: Mon, April 15 2019. 14:50 IST