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Business Economy


Auction for Sale (Re-issue) of 5.22 pc GS 2025: Govt

Auction for Sale (Re-issue) of 5.22 pc GS 2025: Govt

New Delhi, Jul 6 (UNI) The Government on Monday announced the Sale (Re-issue) of '5.22 per cent Government Stock, 2025' for a notified amount of Rs 12,000 crore (nominal) through price-based auction, '6.19 per cent Government Stock, 2034' for a notified amount of Rs 11,000 crore (nominal) through price-based auction, and '7.16 per cent Government Stock, 2050' for a notified amount of Rs 7,000 crore (nominal) through price-based auction.

The Government will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above securities, the Ministry of Finance said in a statement.

The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on July 10, using the multiple price method.

Up to five per cent of the notified amount of the sale of stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

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 July 10.

The non-competitive bids should be submitted between 1030 hrs and 1100 hrs and the competitive bids should be submitted between 1030 hrs and 1130 hrs.

The result of the auctions will be announced on July 10 and payment by successful bidders will be on July 13.

'The Stocks will be eligible for 'When Issued' trading, in accordance with the guidelines on 'When Issued transactions in Central Government Securities,' issued by the Reserve Bank of India on July 24, 2018 as amended from time to time,' the statement added.

UNI NY RJ 2148

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