Auction for Sale (Re-issue) of Government Stock (GS)

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated August 31, 2018 NOTIFICATION Auction for Sale (Re-issue) of Government Stock (GS) F.No.4(6)W&M/2018: Government of India(GoI) hereby notifies sale (re-issue) of the following Government Stocks: Name of the Security Date of Original Issue Tenure (yy-mm-dd) Date of Maturity Base Method Notified Amount (in Rs Crore) 7.37% GS 2023 Apr 16, 2018 05-00-00 Apr 16, 2023 Price Multiple 2,000 7.17% GS 2028 Jan 08, 2018 10-00-00 Jan 08, 2028 Price Multiple 4,000 7.40% GS 2035 Sep 09, 2005 30-00-00 Sep 09, 2035 Price Multiple 3,000 8.13% GS 2045 Jun 22, 2015 30-00-00 Jun 22, 2045 Price Multiple 3,000 Subject to the limit of Rs 12000 Cr, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 Cr each against any one or more of the above securities. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued by Government of India. Allotment to Non-competitive Bidders 2. The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and date of auction 3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai -400 001 on September 07, 2018. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 07, 2018. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. When Issued Trading 4. The Stock will be eligible for “When Issued” trading in accordance with the guidelines issued by the Reserve Bank of India. Date of issue and payment for the stock 5. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on September 07, 2018. The payment by successful bidders will be on September 10, 2018 i.e. the date of re-issue. The payment for the stocks will include accrued interest on the nominal value of the Stock allotted in the auction from the date of original issue / last coupon payment date to the date upto which accrued interest is due as mentioned in the table in para 6. Payment of Interest and Re-payment of Stock 6. Interest will accrue on the nominal value of the Stock from the date of original issue / last coupon payment and will be paid half yearly. The Stock will be repaid at par on date of maturity. Name of the Security Coupon rate (%) Date of Last Coupon payment Date upto which accrued interest is due Date of Coupon payments (month / date) 7.37% GS 2023 7.37 New Stock September 09, 2018 Oct 16 and Apr 16 7.17% GS 2028 7.17 Jul 08, 2018 September 09, 2018 Jan 08 and Jul 08 7.40% GS 2035 7.40 Sept. 09, 2018 September 09, 2018 Mar 09 and Sep 09 8.13% GS 2045 8.13 Jun 22, 2018 September 09, 2018 Dec 22 and Jun 22 By Order of the President of India (Arvind Shrivastava) Joint Secretary to the Government of India

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