Financial Daily from THE HINDU group of publications
Thursday, Nov 03, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 03, 2005 |
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Money & Banking
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Debt Market Rs 8,000-cr auction on Nov 8 Our Bureau
New Delhi , Nov 2 THE Government today said that it would sell two bonds worth Rs 8,000 crore on November 8 under its regular market borrowing programme through the price-based auction method. The Reserve Bank of India will conduct the auction of 7.49 per cent 2017 Government stock for Rs 5,000 crore using price method. It will also conduct auction of 7.40 per cent 2035 Government stock for Rs 3,000 crore under the price-based multiple price method. Up to five per cent of the notified amount of the sale of both the stocks will be allotted to individuals and institutions as per the scheme for non-competitive bidding facility in the auction of Government securities.
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