Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated Oct 15, 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)
|
6.65% GS 2020
|
Apr 09, 2018
|
02-00-00
|
Apr 09, 2020
|
Price
|
Multiple
|
2000
|
7.59% GS 2026
|
Jan 11, 2016
|
10-00-00
|
Jan 11, 2026
|
Price
|
Multiple
|
2000
|
7.17% GS 2028
|
Jan 08, 2018
|
10-00-00
|
Jan 08, 2028
|
Price
|
Multiple
|
3000
|
7.50% GS 2034
|
Aug 10, 2004
|
30-00-00
|
Aug 10, 2034
|
Price
|
Multiple
|
1000
|
7.72% GS 2055
|
Oct. 26, 2015
|
40-00-00
|
Oct. 26, 2055
|
Price
|
Multiple
|
3000
|
Subject to the limit of ?11000
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 Oct
19, 2018. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on Oct
19, 2018. The non-competitive bids
should be submitted between 11.00 a.m. and 12.00 noon and the competitive
bids should be submitted between 11.00
a.m. and 12.30 p.m.
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 Oct
19, 2018. The payment by successful
bidders will be on Oct 22,
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)
|
6.65% GS 2020
|
6.65
|
Oct 09, 2018
|
Oct 21, 2018
|
Apr 09 and Oct 09
|
7.59% GS 2026
|
7.59
|
Jul 11, 2018
|
Oct 21, 2018
|
Jan 11 and July 11
|
7.17% GS 2028
|
7.17
|
Jul 08, 2018
|
Oct 21, 2018
|
Jan 08 and Jul 08
|
7.50% GS 2034
|
7.50
|
Aug 10, 2018
|
Oct 21, 2018
|
Feb 10 and Aug 10
|
7.72% GS 2055
|
7.72
|
Apr 26, 2018
|
Oct 21, 2018
|
Oct 26 and Apr 26
|
By
Order of the President of India
(Arvind
Shrivastava)
Joint Secretary to the
Government of India
|