RBI

The Government of India have announced the sale (re-issue) of "<a href='/scripts/NotificationUser.aspx?Id=1368&Mode=0'>5.69 percent Government Stock 2018</a>" for a notified amount of Rs.5,000 crore through a price based auction using multiple price auction method. The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on Tuesday, October 21, 2003. Up to 5 per cent of the notified amount of the sale of the stock will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auctions of Government Securities. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai-400 001 should be submitted to that Office on Tuesday, October 21, 2003. The competitive bids by the Negotiated Dealing System (NDS) members should be submitted only in electronic format using NDS, while all the non-competitive bids should be submitted in the prescribed physical form. All bids should be submitted by 12.30 p.m. On the basis of bids received, the RBI will determine the minimum price up to which offers will be accepted. The result of the auction will be announced on October 21, 2003 and payment by successful bidders will be during banking hours on October 22, 2003 (Wednesday). The stock will qualify for the ready forward facility. Bids for underwriting of the Government Securities under auction can be submitted by the ‘Primary Dealers’ up to 12.30 p.m. on October 20, 2003 (Monday) to the Chief General Manager-in-Charge, Internal Debt Management Department, Reserve Bank of India, Central Office, Fort, Mumbai 400 001.Alpana Killawala General ManagerPress Release: 2003-2004/499

Government of India announce the sale (re-issue) of dated security<BR>through price based auction