{"id":1861,"date":"2020-06-22T15:42:16","date_gmt":"2020-06-22T15:42:16","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=1861"},"modified":"2020-06-22T15:42:16","modified_gmt":"2020-06-22T15:42:16","slug":"reserve-bank-of-india-press-releases-11","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=1861","title":{"rendered":"Reserve Bank of India – Press Releases"},"content":{"rendered":"

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Government of India (GoI) has announced the sale (re-issue) of three dated securities as per the following details:<\/p>\n\n\n\n\n\n\n
Sr. No<\/td>\nSecurity<\/td>\nNotified Amount
(in \u20b9 crore)<\/td>\n		Auction Date<\/td>\nSettlement date<\/td>\n<\/tr>\n
1<\/td>\n5.22% GS 2025 <\/td>\n12,000<\/td>\nJune 26, 2020
(Friday) <\/td>\n		June 29, 2020
(Monday)<\/td>\n<\/tr>\n
2<\/td>\n 6.19% GS 2034<\/td>\n11,000<\/td>\n<\/tr>\n
3 <\/td>\n7.16% GS 2050<\/td>\n 7,000<\/td>\n<\/tr>\n
\u00a0<\/td>\nTotal<\/td>\n30,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

2. GoI will have the option to retain additional subscription up to \u20b92,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called \u2018Specific Notification\u2019). The stocks will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001, as per the terms and conditions specified in the General Notification F.No.4(2)\u2013W&M\/2018, dated March 27, 2018<\/a>. <\/p>\n

3. The auction will be price based<\/span> for all the securities, using multiple price method<\/span>. 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<\/a> in the Auction of Government Securities.<\/p>\n

4. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 26, 2020<\/span>. The non-competitive bids should be submitted between 10.30 a.m. to 11.00 a.m.<\/span> and the competitive bids should be submitted between 10.30 a.m. to 11.30 a.m.<\/span> The result will be announced on the same day and payment by successful bidders will have to be made on June 29, 2020 (Monday)<\/span>.<\/p>\n

5. Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email<\/a>; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https:\/\/www.rbi.org.in\/Scripts\/BS_ViewForms.aspx<\/a>) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email<\/a>; Phone no: 022-27595414, 022-27595666). For other auction related difficulties, IDMD auction team can be contacted (email<\/a>; Phone no: 022-27595688).<\/p>\n

6. The stocks will qualify for the ready forward facility.<\/p>\n

7. The underwriting of the Government Securities under auctions by the \u2018Primary Dealers\u2019 will be as per the \u201cRevised Scheme of Underwriting Commitment and Liquidity Support\u201d<\/span> announced by the Reserve Bank vide circular RBI\/2007-08\/186 dated November 14, 2007<\/a>. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by \u2018Primary Dealers\u2019 from 9.00 AM up to 9.30 AM on June 26, 2020<\/span> (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.<\/p>\n

8. The Stocks will be eligible for \u201cWhen Issued\u201d trading for a period commencing from June 23, 2020 \u2013 June 26, 2020<\/span> in accordance with the guidelines on \u2018When Issued transactions in Central Government Securities\u2019<\/span> issued by the Reserve Bank of India vide circular No. RBI\/2018-19\/25 dated July 24, 2018<\/a> as amended from time to time.<\/p>\n

Ajit Prasad<\/span>
Director\u00a0\u00a0\u00a0<\/p>\n

Press Release: 2019-2020\/2535<\/p>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Government of India (GoI) has announced the sale (re-issue) of three dated securities as per the following details: Sr. No Security Notified Amount(in \u20b9 crore) Auction Date Settlement date 1 5.22% GS 2025 12,000 June 26, 2020 (Friday) June 29, 2020 (Monday) 2 6.19% GS 2034 11,000 3 7.16% GS […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-1861","post","type-post","status-publish","format-standard","hentry","category-banking-business"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/1861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1861"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/1861\/revisions"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}