22nd April, 2003
Ministry of Finance and Company Affairs  


SALE OF GOVERNMENT STOCKS TO RBI ON PRIVATE PLACEMENT BASIS


PRESS NOTE

Government of India have announced the re-issue of 6.25 per cent Government Stock, 2018 for a notified amount of Rs.3000 crore to the Reserve Bank of India on private placement basis. This issue will be at a price of Rs.101.40. Government of India have also announced the re-issue of 7.95 per cent Government Stock, 2032 for a notified amount of Rs.2,000 crore to the Reserve Bank of India on private placement basis. This issue will be at a price of Rs.121.51.

The stocks will be issued on April 23, 2003 (Wednesday).