Government of India have announced the sale (re-issue) of (i) “7.83 per cent Government Stock 2018” for a notified amount of Rs. 3,000 crore (nominal), (ii) “8.20 per cent Government Stock 2025” for a notified amount of Rs.6,000 crore (nominal), (iii) “8.97 per cent Government Stock 2030” for a notified amount of Rs. 3,000 crore (nominal), and (iv) “8.83 per cent Government Stock 2041” for a notified amount of Rs.3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on April 12, 2013 (Friday).
Up to 5% 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 Government Securities.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 12, 2013. 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.
The result of the auctions will be announced on April 12, 2013 and payment by successful bidders will be on April 15, 2013 (Monday).
The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time.
Department of Economic Affairs, Ministry of Finance, Government of India
Up to 5% 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 Government Securities.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 12, 2013. 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.
The result of the auctions will be announced on April 12, 2013 and payment by successful bidders will be on April 15, 2013 (Monday).
The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time.
Department of Economic Affairs, Ministry of Finance, Government of India
1 comment:
It depends on what kind of business you want to go for. I would start by going to your state, city and county government procurement offices to see what they require. Some require that you pre register with them while others have no such limitations. Most probably have web sites that announce bids that come up and you shouldy be able to register on those sites to get email alerts when new bids are issued.
Government Bids
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