Auction of 5.87 % Government Stock 2010 under MSS
Auction of 5.87 % Government Stock 2010 under MSS Under the market stabilisation scheme (MSS), `5.87 % Government Stock 2010` for Rs 50 billion (nominal) will be sold (re-issued) through a price based auction using multiple price method. The auction will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Sep. 26, 2007 (Wednesday).
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 Sep. 26, 2007. The NDS members should submit competitive as well as non-competitive bids 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 Sep.26, 2007 and payment by successful bidders will be during banking hours on Sep. 27, 2007 (Thursday).
