Government of India (GoI) has announced the sale (issue/re-issue) of four dated securities as per the following details: | Sr No | Security | Notified Amount
(in ₹ crore) | Auction Date | Settlement date | | 1 | 5.09% GS 2022 | 3,000 | June 19, 2020
(Friday) | June 22, 2020
(Monday) | | 2 | 5.79% GS 2030 | 18,000 | | 3 | New GOI FRB 2033 (maturing on Sep 22, 2033) | 4,000 | | 4 | 7.19% GS 2060 | 5,000 | | | Total | 30,000 | 2. GoI will have the option to retain additional subscription up to ₹2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The stocks will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai - 400001, as per the terms and conditions specified in the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018. 3. The auction will be spread based for New GOI FRB 2033 and price based for other securities, using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 4. 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 June 19, 2020. The non-competitive bids should be submitted between 10.30 a.m. to 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. to 11.30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on June 22, 2020 (Monday). 5. Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595414, 022-27595666). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-27595688). 6. The stocks will qualify for the ready forward facility. 7. The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 9.00 AM up to 9.30 AM on June 19, 2020 (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system. 8. The Stocks will be eligible for “When Issued” trading for a period commencing from June 16, 2020 – June 19, 2020 in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time. Ajit Prasad
Director Press Release: 2019-2020/2500 |