3 months Free Trail

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :
  • My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios
  • Emkay Research : Get Emkay's exclusive Research Reports & Trading Ideas.
  • My Watch list : Track your favorite stocks, Derivatives, Currencies, Commodities, Mutual funds on the go
  • Markets : Grab Stock Market Information at your fingertips
  • News & Announcements : Stay Updated 24x7 with news that matters.
  • Alerts : Get Alerts on Emkay Research, Trading Ideas, news on your portfolio holdings & watchlist

Generate password

Change password

Forgot Customer Code

Would you like to create a personalised login id for logging in to Emkay Website ?

Change Personalised Login ID

Auction for Sale (Re-issue) of Government Stocks

Share Source By

Dion Global

08 Jan 2019

The Government of India has announced the Sale (Issue/Re-issue) of (i) ‘7.37 per cent Government Stock, 2023’for a notified amount of Rs.3,000 crore (nominal) through price based auction, (ii)‘New Government Stock of 10 year tenor’ for a notified amount of Rs.4,000 crore (nominal) through yield based auction,(iii) ‘8.24 per cent Government Stock, 2033’ for a notified amount of Rs.2,000 crore (nominal) through price based auction, and (iv) ‘8.17 per cent Government Stock, 2044’ for a notified amount of Rs.3,000 crore (nominal) through price based auction.Subject to the limit of Rs. 12,000 crore, being total notified amount, Government of India will have the option to retain additional subscription up to Rs. 1,000 croreeach against anyone or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on January11, 2019(Friday).

Up to 5% of the notified amount of the sale of the stockswill be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) System on January 11, 2019. The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noonand the competitive bids should be submitted between 11.30 a.m.and 12.30 noon.

The result of the auctions will be announced on January 11, 2019 (Friday)and payment by successful bidders will be on January 14, 2019(Monday).

The Stocks will be eligible for “When Issued” trading in accordance with the Guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India (RBI) vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.