Govt Announces Sale (Re-issue) Of Govt Stocks Worth Rs 14000 Crore

The Government of India has announced the Sale (re-issue) of (i) '6.17 per cent Government Stock, 2021' for a notified amount of Rs 2,000 crore (nominal) through price based auction, (ii) '7.27 per cent Government Stock, 2026' for a notified amount of Rs 2,000 crore (nominal) through price based auction, (iii) '6.45 per cent Government Stock, 2029' for a notified amount of Rs 5,000 crore (nominal) through price based auction, (iv)'7.62 per cent Government Stock, 2039' for a notified amount of Rs 1,000 crore (nominal) through price based auction, and (v) '7.63 per cent Government Stock, 2059' for a notified amount of Rs 4,000 crore (nominal) through price based auction. Subject to the limit of Rs 14,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1,000 crore each against anyone or more of the above securities. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 31, 2020 (Friday). 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.

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