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Government of India (GOI) Announces Sale Of Three Dated Securities For Rs 30,000 crore

Capital Market 

The Government of India has announced the Sale (Re-issue) of (i) '5.22 per cent Government Stock, 2025' for a notified amount of Rs 12,000 crore (nominal) through price based auction, (ii) '6.19 per cent Government Stock, 2034' for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) '7.16 per cent Government Stock, 2050' for a notified amount of Rs 7,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India 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-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.)

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First Published: Tue, September 15 2020. 09:55 IST
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