Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated January 14, 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 2021
|
Jan 21, 2019
|
02-00-00
|
Jan 21, 2021
|
Yield
|
Multiple
|
2,000
|
8.24% GS 2027
|
Feb 15, 2007
|
20-00-00
|
Feb 15, 2027
|
Price
|
Multiple
|
2,000
|
7.95% GS 2032
|
Aug 28, 2002
|
30-00-00
|
Aug 28, 2032
|
Price
|
Multiple
|
3,000
|
7.40% GS 2035
|
Sep 09, 2005
|
30-00-00
|
Sep 09, 2035
|
Price
|
Multiple
|
2,000
|
7.06% GS 2046
|
Oct 10, 2016
|
30-00-00
|
Oct 10, 2046
|
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
18, 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
18, 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
18, 2019. The payment by successful
bidders will be on January 21,
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 2021
|
Yield Based #
|
New Stock
|
New Stock
|
July 21 and Jan 21
|
8.24% GS 2027
|
8.24
|
Aug 15, 2018
|
Jan 20, 2019
|
Feb 15 and Aug 15
|
7.95% GS 2032
|
7.95
|
Aug 28, 2018
|
Jan 20, 2019
|
Feb 28 and Aug 28
|
7.40% GS 2035
|
7.40
|
Sep 09, 2018
|
Jan 20, 2019
|
Mar 09 and Sep 09
|
7.06% GS 2046
|
7.06
|
Oct 10, 2018
|
Jan 20, 2019
|
Apr 10 and Oct 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
(Arvind
Shrivastava)
Joint Secretary to the
Government of India
|