PRESS COMMUNIQUE

SALE (RE-ISSUE) OF "10.03 PER CENT GOVERNMENT STOCK, 2019) and "10.18 PER CENT GOVERNMENT STOCK, 2026"

---

Government of India have announced the sale (re-issue) of "10.03 per cent Government Stock, 2019" for a notified amount of Rs. 4,000 crore through a price based auction using multiple price auction method. Government of India have also announced the sale (re-issue of "10.18 per cent Government Stock, 2026" for a notified amount of Rs. 3,000 crore through a price based auction using multiple price auction method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 6, 2002 (Wednesday).

Up to 5% of the notified amount of the sale of both 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.

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 the that Office on November 6, 2002. The competitive bids by the 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.

The results of the auction will be announced on November 6, 2002 and payment by successful bidders will be during banking hours on November 7 (Thursday)

 

Ministry of Finance and Company Affairs

Department of Economic Affairs

New Delhi: Kartika 10, 1924/ November 1, 2002