Financial Daily from THE HINDU group of publications
Saturday, Aug 06, 2005
Financial Daily from THE HINDU group of publications Saturday, Aug 06, 2005 |
|
|
|
|
|
|
|
Money & Banking
-
Govt Bonds RBI to raise Rs 8,000 cr Our Bureau
Mumbai , Aug. 5 THE Reserve Bank of India proposes to raise Rs 8,000 crore through the auction of two government securities on August 11. Of this, Rs 5,000 crore will be raised through the sale of 8.07 per cent 2017 12-year paper, while Rs 3,000 crore will be raised through sale of 7.5 per cent 2034 29-year paper, said a RBI press release. Both the auctions will be conducted through multiple price method. Up to 5 per cent 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 G-Sec for both auctions. Results will be announced on the same day and payment by successful bidders will be during banking hours on August 12. The stocks will qualify for the ready forward facility.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
