Auction for Sale of Government Stocks

Government of India have announced the sale (re-issue) of

(i) “8.19 percent Government Stock 2020” for a notified amount of Rs. 4,000 crore (nominal) through price based auction, 

(ii) “8.33 percent Government Stock 2026” for a notified amount of Rs. 7,000 crore (nominal) through price based auction,

iii) “8.28 percent Government Stock 2032” for a notified amount of Rs. 2,000 crore (nominal) through price based auction; and (iv) “8.83 percent Government Stock 2041” for a notified amount of Rs. 2,000 crore (nominal) through price based auction. The auctions will be conducted using uniform 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.

Advertisements
Related Topics  Trade facilitation agreement

Be the first to comment

Leave a Reply