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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.

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Publication:TendersInfo
Date:Jul 27, 2010
Words:167
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