|
Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated Jun 4, 2018
NOTIFICATION
Auction
for Sale (Re-issue) of Government Stock (GS)
F.No.4(6)W&M/2018: 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
|
3,000
|
|
7.17%
GS 2028
|
Jan
08, 2018
|
10-00-00
|
Jan
08, 2028
|
Price
|
Multiple
|
4,000
|
|
7.40%
GS 2035
|
Sep
09, 2005
|
30-00-00
|
Sep
09, 2035
|
Price
|
Multiple
|
2,000
|
|
8.13%
GS 2045
|
Jun
22, 2015
|
30-00-00
|
Jun
22, 2045
|
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 Jun
8, 2018. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on Jun
8, 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 Jun
8, 2018. The payment by successful
bidders will be on Jun 11, 2018 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 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)
|
|
6.84%
GS 2022
|
6.84
|
Dec
19, 2017
|
Jun
10, 2018
|
Jun
19 and Dec 19
|
|
7.17%
GS 2028
|
7.17
|
New
Stock
|
Jun
10, 2018
|
Jul
08 and Jan 08
|
|
7.40%
GS 2035
|
7.40
|
Mar
09, 2018
|
Jun
10, 2018
|
Sep
09 and Mar 09
|
|
8.13%
GS 2045
|
8.13
|
Dec
22, 2017
|
Jun
10, 2018
|
Jun
22 and Dec 22
|
By
Order of the President of India
(Arvind
Shrivastava)
Joint Secretary to the Government
of India
|
