|
Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated January 21, 2019
NOTIFICATION
Auction
for Sale (Issue / Re-issue) of Government Stock (GS)
F.No.4(6)W&M/2018: Government
of India(GoI) hereby notifies sale (issue/re-issue) of the following Government Stocks:
|
Name
of the Security
|
Date
of Original Issue
|
Tenure
(yy-mm-dd)
|
Date
of Maturity
|
Base
|
Method
|
Notified
Amount
(in Rs Crore)
|
|
New
GS 2024
|
Jan
28, 2019
|
05-00-00
|
Jan
28, 2024
|
Yield
|
Multiple
|
3,000
|
|
7.26%
GS 2029
|
Jan
14, 2019
|
10-00-00
|
Jan
14, 2029
|
Price
|
Multiple
|
4,000
|
|
8.24%
GS 2033
|
Nov
10, 2014
|
19-00-00
|
Nov
10, 2033
|
Price
|
Multiple
|
2,000
|
|
7.72%
GS 2055
|
Oct.
26, 2015
|
40-00-00
|
Oct.
26, 2055
|
Price
|
Multiple
|
3,000
|
Subject to the limit of ?12000 Cr,
being total notified amount, GoI will have the option to retain additional
subscription up to ?1000 Cr each against any one or more of the above
securities. The sale will be subject to the terms and conditions spelt out in
this notification (called ‘Specific Notification’). The Stock will be sold
through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per
the terms and conditions specified in the General
Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued
by Government of India.
Allotment to Non-competitive
Bidders
2. The Government Stock up to 5% of the notified amount of the sale will be
allotted to eligible individuals and institutions as per the enclosed Scheme
for Non-competitive Bidding Facility in the Auctions of Government Securities
(Annex).
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office,
Fort, Mumbai-400 001 on January
25, 2019. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on January
25, 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.
When Issued Trading
4. The Stock will be eligible for “When Issued” trading in accordance with
the guidelines issued by the Reserve Bank of India.
Date of issue and payment for the
stock
5. The result of the auction shall be displayed by the Reserve Bank of India
at its Fort, Mumbai Office on January
25, 2019. The payment by successful
bidders will be on January 28,
2019 i.e. the date of issue/re-issue.
The payment for the stocks will include accrued interest on the nominal value
of the Stock allotted in the auction from the date of original issue / last
coupon payment date to the date upto which accrued interest is due as
mentioned in the table in para 6.
Payment of Interest and Re-payment
of Stock
6. Interest will accrue on the nominal value of the Stock from the date
of original issue / last coupon
payment and will be paid half
yearly. The Stock will be repaid at par on date of maturity.
|
Name
of the Security
|
Coupon
rate (%)
|
Date
of Last Coupon payment
|
Date
upto which accrued interest is due
|
Date
of Coupon payments
(month / date)
|
|
New
GS 2024
|
Yield
Based #
|
New
Stock
|
New
Stock
|
July
28 and Jan 28
|
|
7.26%
GS 2029
|
7.26
|
New
Stock
|
Jan
27, 2019
|
July
14 and Jan 14
|
|
8.24%
GS 2033
|
8.24
|
Nov
10, 2018
|
Jan
27, 2019
|
May
10 and Nov 10
|
|
7.72%
GS 2055
|
7.72
|
Oct
26, 2018
|
Jan
27, 2019
|
Apr
26 and Oct 26
|
|
# The coupon rate for the
security will be set at the cut-off yield to maturity rate decided in the
auction. The interest will be payable half-yearly
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By
Order of the President of India
(Arvind
Shrivastava)
Joint Secretary to the Government
of India
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