Printer Friendly

India : RBI announces sale of Rs15,000-crore of government bonds.

The Reserve Bank of India today announced the sale of Government of India stock for a total amount of Rs15,000 crore, in bid to suck off extra liquidity in the system.

The RBI will sell (re-issue) 7.17 per cent 2015 government stock for a notified amount of Rs5,000 crore, 7.80 per cent 2020 stock for a notified amount of Rs5,000 crore, 8.24 per cent 2027 stock for a notified amount of Rs3,000 crore and 8.30 per cent 2040 stock for a notified amount of Rs2,000 crore through price-based auctions.

The stocks will be issued for a minimum amount of Rs10,000 and in multiples of Rs10,000 thereafter. 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 government securities.

Copyright : Euclid Infotech Pvt. Ltd.

Provided by an company
COPYRIGHT 2010 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Jul 27, 2010
Previous Article:India : SBI debuts in the 144A market with a $1 billion deal.
Next Article:India : Mobile branches, ATMs to boost rural banking.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters