|
Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated January 01, 2018
NOTIFICATION
Auction
for Sale (Issue/Re-issue) of Government Stock (GS)
F.No.4(7)W&M/2017: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 ? Crore)
|
|
6.84% GS 2022
|
Sep. 12, 2016
|
06-03-07
|
Dec. 19, 2022
|
Price
|
Multiple
|
5000
|
|
New GS of 10 year
|
Jan. 08, 2018
|
10-00-00
|
Jan. 08, 2028
|
Yield
|
Multiple
|
9000
|
|
7.73% GS 2034
|
Oct. 12, 2015
|
19-02-07
|
Dec. 19, 2034
|
Price
|
Multiple
|
2000
|
|
7.72% GS 2055
|
Oct. 26, 2015
|
40-00-00
|
Oct. 26, 2055
|
Price
|
Multiple
|
2000
|
Subject to the limit of Rs 18000
Cr, being total notified amount, GoI will have the option to retain
additional subscription up to Rs 1000 Cr against any of the above security.
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(13)–W&M/2008, dated October 8, 2008 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
05, 2018. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on January
05, 2018. The non-competitive bids
should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive
bids should be submitted between 10.30 a.m. and 12.00 noon.
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
05, 2018. The payment by successful
bidders will be on January 08,
2017 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 Stocks
will be repaid at par on date of maturity.
|
Name
of the Security
|
Coupon
rate (%)
|
Date
of Original Issue / Last Coupon payment
|
Date
upto which accrued interest is due
|
Date
of Coupon payments (month / date)
|
|
6.84% GS 2022
|
6.84
|
Dec. 19, 2017
|
January 07, 2018
|
June 19 and Dec 19
|
|
New GS of 10 year
|
Yield Based#
|
New Stock
|
New Stock
|
July 08 and Jan 08
|
|
7.73% GS 2034
|
7.73
|
Dec 19, 2017
|
January 07, 2018
|
June 19 and Dec 19
|
|
7.72% GS 2055
|
7.72
|
Oct 26, 2017
|
January 07, 2018
|
Apr 26 and Oct 26
|
|
# The coupon rate for the
securities will be set at the cut-off yield to maturity rate decided in
the auction. The interest will be payable half-yearly.
|
By
Order of the President of India
(Prashant
Goyal)
Joint Secretary to the
Government of India
|
