Sale (re-issue) of Government Stock, 2017 - Press note

for Ministry of Finance | Date - 20-06-2005


Government of India have announced the sale (re-issue) of “7.49 per cent Government Stock, 2017” for a notified amount of Rs.5,000 crore (nominal) through price based auction using multiple  price method.  The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on June 23, 2005 (Thursday).

          Up to 5% 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 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 and RBI website www.rbi.org.in should be submitted to that Office on June 23, 2005.  The NDS members should submit competitive as well as non-competitive bid  in electronic format using Primary Market Operation (PMO) module of NDS.   All bids should be submitted by 12.30 P.M.

          The result of the auction will be announced on June 23, 2005 and payment by successful bidders will be during banking hours on June 24, 2005 (Friday).

Department of Economic Affairs, Ministry of Finance

New Delhi: Jyaistha 30, 1927; June 20, 2005

BSC/BY/GN-241/05


(Release ID :9776)

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