|
Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated March 11, 2019
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 Rs Crore)
|
|
7.00% GS 2021
|
Jan 21, 2019
|
02-00-00
|
Jan 21, 2021
|
Price
|
Multiple
|
2,000
|
|
8.24% GS 2027
|
Feb 15, 2007
|
20-00-00
|
Feb 15, 2027
|
Price
|
Multiple
|
4,000
|
|
7.95% GS 2032
|
Aug 28, 2002
|
30-00-00
|
Aug 28, 2032
|
Price
|
Multiple
|
7,000
|
|
7.40% GS 2035
|
Sep 09, 2005
|
30-00-00
|
Sep 09, 2035
|
Price
|
Multiple
|
2,000
|
|
8.17% GS 2044
|
Dec 01, 2014
|
30-00-00
|
Dec 01, 2044
|
Price
|
Multiple
|
3,000
|
Subject to the limit of ? 18000
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 March
15, 2019. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on March
15, 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 March
15, 2019. The payment by successful
bidders will be on March 18,
2019 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)
|
|
7.00% GS 2021
|
7.00
|
New Stock
|
Mar 17, 2019
|
Jul 21 and Jan 21
|
|
8.24% GS 2027
|
8.24
|
Feb 15, 2019
|
Mar 17, 2019
|
Aug 15 and Feb 15
|
|
7.95% GS 2032
|
7.95
|
Feb 28, 2019
|
Mar 17, 2019
|
Aug 28 and Feb 28
|
|
7.40% GS 2035
|
7.40
|
Mar 09, 2019
|
Mar 17, 2019
|
Sep 09 and Mar 09
|
|
8.17% GS 2044
|
8.17
|
Dec 01, 2018
|
Mar 17, 2019
|
June 01 and Dec 01
|
By
Order of the President of India
(Arvind
Shrivastava)
Joint Secretary to the
Government of India
|
