Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated November 6, 2017
NOTIFICATION
Auction
for Sale (Re-issue) of Government Stock (GS)
F.No.4(7)W&M/2017:Government
of India(GoI) hereby notifies sale(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
|
3000
|
6.68%
GS 2031
|
Sep
04, 2017
|
14-00-13
|
Sep
17, 2031
|
Price
|
Multiple
|
8000
|
6.57%
GS 2033
|
Dec
05, 2016
|
17-00-00
|
Dec.
05, 2033
|
Price
|
Multiple
|
2000
|
7.06%
GS 2046
|
Oct.
10, 2016
|
30-00-00
|
Oct.
10, 2046
|
Price
|
Multiple
|
2000
|
Subject to the limit of ? 15000
Cr, being total notified amount, GoI will have the option to retain
additional subscription up to ? 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 November
10, 2017. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on November
10, 2017. 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 November
10, 2017. The payment by successful
bidders will be on November 13,
2017 i.e. the date of 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 / 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 Original Issue / Last Coupon payment
|
Date
upto which accrued interest is due
|
Date
of Coupon payments (month / date)
|
6.84%
GS 2022
|
6.84
|
Jun
19, 2017
|
November
12, 2017
|
Dec
19 and Jun 19
|
6.68%
GS 2031
|
6.68
|
Sep
17, 2017
|
November
12, 2017
|
Mar
17 and Sep 17
|
6.57%
GS 2033
|
6.57
|
Jun
05, 2017
|
November
12, 2017
|
Dec.
05 and Jun 05
|
7.06%
GS 2046
|
7.06
|
October
10, 2017
|
November
12, 2017
|
Apr
10 and Oct 10
|
By
Order of the President of India
(Prashant
Goyal)
Joint Secretary to the Government
of India
|