Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated April 09, 2018
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 ? Crore)
|
NI GS 2023
|
Apr 16, 2018
|
05-00-00
|
Apr 16, 2023
|
Yield
|
Multiple
|
3000
|
6.68% GS 2031
|
Sep 04, 2017
|
14-00-13
|
Sep 17, 2031
|
Price
|
Multiple
|
4000
|
7.73% GS 2034
|
Oct 12, 2015
|
19-02-07
|
Dec 19, 2034
|
Price
|
Multiple
|
2000
|
7.06% GS 2046
|
Oct 10, 2016
|
30-00-00
|
Oct 10, 2046
|
Price
|
Multiple
|
3000
|
Subject to the limit of Rs 12000
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 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 26, 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 April
13, 2018. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on April
13, 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 April
13, 2018. The payment by successful
bidders will be on April 16,
2018 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 of 5 year
|
New Stock#
|
New Stock
|
New Stock
|
Apr 16 and Oct 16
|
6.68% GS 2031
|
6.68
|
Mar 17, 2018
|
Apr 15, 2018
|
Mar 17 and Sep 17
|
7.73% GS 2034
|
7.73
|
Dec 19, 2017
|
Apr 15, 2018
|
Jun 19 and Dec 19
|
7.06% GS 2046
|
7.06
|
April 10, 2018
|
Apr 15, 2018
|
Oct 10 and Apr 10
|
# 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
|