• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , April 1

THE Central Government has announced that it would raise Rs 8,000 crore through the auction of two dated securities using the multiple price auction method. The Reserve Bank of India will conduct the auctions on April 5.

According to an RBI press release, the Government will raise Rs 5,000 crore through the sale (re-issue) of `6.85 per cent Government Stock 2012' and Rs 3,000 crore through the sale (re-issue) of `7.95 per cent Government Stock 2032'.

Up to 5 per cent of the notified amount of the sale of both the stocks 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 Regional Director, RBI, Mumbai, on April 5, by 12.30 p.m. On the basis of bids received, RBI will determine the minimum price at which offers will be accepted. Successful bidders should make payments during banking hours on April 6. Both the stocks will qualify for the ready forward facility.

Bids for underwriting can be submitted by the `Primary Dealers' up to 12.30 p.m. on April 4.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bond trading dull

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