Financial Daily from THE HINDU group of publications
Tuesday, Jul 13, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jul 13, 2004 |
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Money & Banking
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Govt Bonds Rs 5,000-cr Govt stock sale under MSS Our Bureau
Mumbai , July 12 THE Government of India has announced the sale (re-issue) of `4.83 per cent Government Stock 2006' under the Market Stabilisation Scheme for a notified amount of Rs.5, 000 crore through a price-based auction using multiple price auction method. The Reserve Bank of India will conduct the auction on Wednesday, July 14. Up to 5 per cent 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 should be submitted to the RBI office on July 14The auction is not being offered for underwriting by the primary dealers in government securities. The results of the auction will be announced on July 14and payment by successful bidders will be during banking hours on July 15. ))This stock will qualify for the ready forward facility.
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