T-bill auctions announced
T-bill auctions announced
body{margin:0px; font-family:Arial;} .heading{font-size:22px; padding:3px; color:#002b99; font-family:Tahoma;font-weight:bold} .subhead{background-color:#e3e3e3; font-size:14px; padding:3px;} .newstext{color:#004276; font-size:14px; padding:3px;font-family:arial} .redbar{background-color:#a60000; font-size:10px; color:#FFFFFF;padding:3px;} .black{background-color:#000000; font-size:10px; color:#FFFFFF;padding:3px;} .smalltext{font-size:10px; padding:3px;}
The Reserve Bank of India (RBI) announced the auction of 91-day government of India treasury bills for notified amount of Rs 35 billion (Rs 5 billion under the regular auction calendar and Rs.30 billion under the market stabilisation scheme (MSS).
The RBI also announced the auction of 364-day government of India treasury bills for notified amount of Rs. 30 billion (Rs.10 billion under the regular auction calendar and Rs.20 billion under the market stabilisation scheme (MSS).
The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the bank.
The acution of both 91-day treasury bills and 364-day treasury bills will be auctioned on Sep. 12 , 2007 using “Multiple Price Auction“ method.
Tenders have to be submitted on Wednesday, Sep. 12, 2007 by 12.30 p.m. Results will be announced of both the treasury bills on the same evening with payments being paid to successful bidders will be on Friday, Sep. 14, 2007.
