Government Bonds to be auctioned
Government Bonds to be auctioned Under the market stabilization scheme (MSS), `5.87 per cent Government Stock 2010` for Rs. 40 billion (nominal) and 11.30% Government Stock 2010` for Rs.30 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 Oct. 3, 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 October 3, 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 October 3 and payment by successful bidders will be during banking hours on Oct. 4, 2007 (Thursday).
