Home India Ministry of Finance Auction for Sale (Re issue) of Government Stock (GS)....
Date: 2018-06-25 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Government of India announces the sale/reissue of several government stocks via auction. The auction, conducted by the Reserve Bank of India (RBI) in Mumbai, is scheduled for June 29, 2018. The notification details the terms and conditions, including a non-competitive bidding facility for eligible individuals and institutions, and specifies the payment and interest terms for the stocks. Key Points / Main Content: Auction Details: * Sale/reissue of Government Stocks (GS) is announced. * The auction date is June 29, 2018, in Mumbai. * RBI is conducting the auction. * Bids must be submitted electronically via the RBI's EKuber system on June 29, 2018. * Non-competitive bids: 10:30 a.m. - 11:30 a.m. * Competitive bids: 10:30 a.m. - 12:00 noon. Government Stock Specifics: * Government of India (GoI) can retain additional subscriptions up to 1,000 crore each against any one or more of the above securities, subject to the limit of 12,000 crore. * Details for the following Government Stocks are specified: * 6.84 GS 2022 * 7.17 GS 2028 * 7.40 GS 2035 * 7.72 GS 2055 * Stocks are eligible for "When Issued" trading per RBI guidelines. * Payment by successful bidders is due on July 2, 2018, and includes accrued interest. * Interest accrues on the nominal value and is paid half-yearly. * Stocks will be repaid at par on the maturity date. Non-Competitive Bidding Facility: * Up to 5% of the notified amount is reserved for non-competitive bids. * Eligibility: * Investors without a current account (CA) or Subsidiary General Ledger (SGL) account with RBI (exceptions apply to RRBs and Cooperative Banks). * Single bid limit: ₹2 crore face value per auction. * Bids submitted through a bank or Primary Dealer (PD) offering the scheme (exceptions apply to RRBs and Cooperative Banks). * Minimum bid amount: ₹10,000 face value and in multiples thereof. Operational Guidelines for Banks/PDs (regarding non-competitive bids): * Retail investors must maintain a CSGL account with the bank or PD. * Banks/PDs submit a single consolidated non-competitive bid electronically. * Allotment is at the weighted average yield/price from the competitive bidding. * Securities are issued against payment on the issue date. * Pro-rata allotment if bids exceed the reserved amount. * Securities issued only in SGL form. * Banks/PDs must transfer securities to clients within five working days. * Brokerage/commission/service charges capped at six paise per ₹100. Impact Analysis: Government of India: * Impact: Manages government debt through the issuance and auction of government stocks. * Action Required: Oversee the auction process and ensure compliance with the notification's terms. Reserve Bank of India (RBI): * Impact: Responsible for conducting the auction and managing the Core Banking Solution (EKuber) system. * Action Required: Conduct the auction on June 29, 2018, display the results, and ensure proper payment and settlement. Banks and Primary Dealers (PDs): * Impact: Act as intermediaries for non-competitive bidders, submit consolidated bids, and manage CSGL accounts. * Action Required: Submit non-competitive bids on behalf of their constituents, allocate securities to clients, and provide information to RBI as required. Investors (Individuals and Institutions): * Impact: Have the opportunity to invest in government stocks through competitive or non-competitive bidding. * Action Required: Submit bids through the appropriate channels (directly for competitive bids, through banks/PDs for non-competitive bids), make payments on time, and comply with the terms and conditions of the auction.

Key Entities Referenced

Government of India: The governing authority issuing the notification regarding the sale and reissue of Government Stocks. Ministry of Finance: The government ministry responsible for the Department of Economic Affairs and the Budget Division. Department of Economic Affairs: A department within the Ministry of Finance. Budget Division: A division within the Department of Economic Affairs responsible for budget-related matters. Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing government securities. Mumbai, Maharashtra: City in Maharashtra where Reserve Bank of India office is located and the auction is conducted. Government Stock: The financial instrument being sold and reissued by the Government of India. Arvind Shrivastava: The Joint Secretary who signed the notification on behalf of the President of India.
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(. येक म- 1,000 करोड़ "पए तक के अित+र/ अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:25)(cid:22) इस अिधसूचना (िजसे 'िविश3 ट अिधसूचना' कहा गया ह)ै म - उि(cid:3)लिखत शत4 के अधीन होगी। इस (cid:19)टॉक क(cid:22) िब(cid:25)(cid:22) भारतीय +रजव & ब8क, मुंबई काया&लय, फोट&, मुंबई-400001 के मा(cid:30)यम स े भारत सरकार (cid:6)ारा जारी सामा:य अिधसचू ना एफ.सं<या 4(2)-ड>(cid:3)य ू ए?ड एम/2018, तारीख 27 माच &2018 म - िन@दA शत4 के अधीन क(cid:22) जाएगी। 3575 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीीददददाााातततताााा&&&& ककककोोोो आआआआबबबबटटंंटटंं नननन 2. सरकारी (ितभूितय* क(cid:22) नीलािमय* म - अ(ित(cid:19)पधB बोली देने क(cid:22) सुिवधा क(cid:22) संलC (cid:19)क(cid:22)म (अनुबंध) के अनुसार, िब(cid:25)(cid:22) क(cid:22) अिधसूिचत रािश का 5 (ितशत तक सरकारी (cid:19)टॉक पाD Eय ि/य* और सं(cid:19)थाG को आबं+टत (cid:1)कया जाएगा । ननननीीीीललललााााममममीीीी ककककाााा (cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख 3. यह नीलामी भारतीय +रजव & ब8क, मुंबई काया&लय, फोट&, मुंबई-400001 (cid:6)ारा 22229999 जजजजननूूननूू ,,,, 2222000011118888 को संचािलत क(cid:22) जाएगी। नीलामी हते ु बोिलयां भारतीय +रजव & ब8क कोर ब8Hकग सो(cid:3)यूशन (ई-कुबेर) (णाली संबंधी इले’Jॉिनक (पD म - 22229999 जजजजननूूननूू ,,,, 2222000011118888 को ((cid:19)तुत क(cid:22) जानी चािहए। अ(ित(cid:19)पधB बोिलयां पपपपूवूवूवूवाााा(((cid:26)(cid:26)(((cid:26)(cid:26) नननन 11110000....33330000 बबबबजजजज ेे ेेसससस ेे ेे पपपपववूूववूू ाााा(((cid:26)(cid:26)(((cid:26)(cid:26) नननन 11111111....33330000 बबबबजजजज ेेेेके बीच और (ित(cid:19)पधB बोिलयां पपपपववूूववूू ाााा(cid:26)((cid:26)((cid:26)((cid:26)(नननन 11110000....33330000 बबबबजजजज ेे ेेसससस ेे ेेददददोोोोपपपपहहहहरररर 11112222....00000000 बबबबजजजज ेेेेके बीच ((cid:19)ततु क(cid:22) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:26)(cid:26)िि(cid:26)(cid:26) ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:19)टॉक, भारतीय +रजव& ब8क (cid:6)ारा जारी (cid:1)दशािनदKश* के अनुसार, 'कब िनग&िमत’ कारोबार के िलए पाD होगा। ििििननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन 5. नीलामी का प+रणाम भारतीय +रजव& ब8क (cid:6)ारा अपन े फोट& ि(cid:19)थत मुंबई काया&लय म - 22229999 जजजजननूूननूू ,,,, 2222000011118888 को (दMशत (cid:1)कया जाएगा। सफल बोलीदाताG (cid:6)ारा भुगतान 2222 जजजजललललुुुु ााााईईईई,,,, 2222000011118888 अथा&त ् पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) क(cid:22) तारीख को (cid:1)कया जाएगा। (cid:19)टॉक के िलए भुगतान म - नीलामी म- आबं+टत (cid:19)टॉक के अं(cid:1)कत मू(cid:3)य पर, मूलिनग&म/अंितम कूपन भगु तान क(cid:22) तारीख स े (ोPभूत >याज देय होने क(cid:22) तारीख तक (ोPभूत >याज शािमल होगा। (cid:28)(cid:28)(cid:28)(cid:28)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभगगु(cid:26)ु(cid:26)गगु(cid:26)ु(cid:26) तततताााानननन 6. मूल Mनग&म/अंितम कूपन भुगतान क(cid:22) तारीख से (cid:19)टॉक के अं(cid:1)कत मू(cid:3)य पर >याज (ोPभूत होगा तथा इसका भुगतान अQव& ाMषक आधार पर (cid:1)कया जाएगा। (cid:19)टॉक का पुनभगु& तान प+रपSता क(cid:22) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा। (cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअ अअ ििंंििंं ततततमममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन (cid:30)(cid:30)(cid:30)(cid:30)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:8)(cid:8)(cid:8)(cid:8)ोोोो भभभभततूूततूू ककककूूूूपपपपनननन भभभभुगुगुगुगतततताााानननन कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख ((((%%%%)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख !!!!ययययााााजजजज ददददेयेयेयेय हहहह ैैैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह)))) 6.84% सरकारी (cid:1)ितभूित 2022 6.84 19 जून, 2018 1 जुलाई, 2018 19 (cid:6)दसंबर और 19 जून 7.17% सरकारी (cid:1)ितभूित 2028 7.17 नया (cid:21)टॉक 1 जुलाई, 2018 08 जुलाई और 08 जनवरी 7.40% सरकारी (cid:1)ितभूित 2035 7.40 09 माच(cid:24), 2018 1 जुलाई, 2018 09 िसतंबर और 09 माच(cid:24) 7.72% सरकारी (cid:1)ितभूित 2055 7.72 26 अ(cid:1)ैल,,,, 2018 1 जुलाई, 2018 26 अ(cid:16)टूबर और 26 अ(cid:1)ैल भारत के राTपित के आदशे स,े अरUवद Vीवा(cid:19)तव, संयु/ सिचव अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूततततयययय(cid:7)(cid:7)(cid:7)(cid:7) कककक(cid:9)(cid:9)(cid:9)(cid:9) ननननीीीीललललााााममममीीीी मममम (cid:11)(cid:11) (cid:11)(cid:11)अअअअ(cid:1)(cid:1)(cid:1)(cid:1)िििितततत(cid:13)(cid:13)(cid:13)(cid:13)पपपपधधधध(cid:16)(cid:16)(cid:16)(cid:16) बबबबोोोोललललीीीी ससससििुुििुुववववधधधधाााा (cid:13)(cid:13)(cid:13)(cid:13)कककक(cid:9)(cid:9)(cid:9)(cid:9)मममम IIII.... ककककाााायययय(cid:19)(cid:19)(cid:18)(cid:18)(cid:19)(cid:19)(cid:18)(cid:18) (cid:21)(cid:21)ेे(cid:21)(cid:21)ेे :::: सरकारी (cid:1)ितभूितय(cid:7) क(cid:9) (cid:10)ापक भागीदारी और खुदरा धा(cid:14)रता को (cid:1)ो(cid:17)साहन दने े क(cid:9) दिृ(cid:23) से भारत सरकार क(cid:9) (cid:24)दनां(cid:24)कत (cid:1)ितभूितय(cid:7) क(cid:9) चयिनत नीलािमय(cid:7) म (cid:27) "अ(cid:1)ित(cid:29)पध(cid:30)" आधार पर भागीदारी क(cid:9) अनुमित दने े का (cid:1)(cid:29)ताव (cid:24)कया गया ह।ै त नुसार, (cid:24)दनां(cid:24)कत (cid:1)ितभूितय(cid:7) क(cid:9) नीलािमय(cid:7) म (cid:27) अिधसूिचत रािश के 5 (cid:1)ितशत तक क(cid:9) अ(cid:1)ित(cid:29)पध(cid:30) बोिलया ं(cid:29)वीकार क(cid:9) जाएंगी। (cid:1)ारि%त रािश अिधसूिचत रािश के अअअअ(cid:22)(cid:22)(cid:22)(cid:22)ततततगगगगतत(cid:18)(cid:18)तत(cid:18)(cid:18) होगी। IIIIIIII.... पपपपाााा(cid:21)(cid:21)(cid:21)(cid:21)तततताााा :::: भारत सरकार क(cid:9) (cid:24)दनां(cid:24)कत (cid:1)ितभूितय(cid:7) क(cid:9) नीलािमय(cid:7) म (cid:27) अ(cid:1)ित(cid:29)पध(cid:30) आधार पर ऐसे िनवेशक(cid:7) के िलए भागीदारी खुली होगी जो िन’िलिखत शत) को पूरा करते ह:* 1. जो भारतीय (cid:14)रजव, ब*क के पास चालू खाता (सीए) अथवा सहायक सामा.य बही (एसजीएल) खाता नह/ रखते ह;*¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 अअअअपपपपववववाााादददद:::: %े0ीय 1ामीण ब*क(cid:7) (आरआरबी) और सहकारी ब*क(cid:7) को उनके सांिविधक दािय(cid:17)व(cid:7) के दिृ(cid:23)गत इस (cid:29)क(cid:9)म के अधीन शािमल (cid:24)कया जाएगा। 2. जो (cid:1)ित नीलामी दो करोड़ 4पए (अं(cid:24)कत मू6य) से अनिधक रािश के िलए एक ही बोली लगाते ह*; 3. जो यह (cid:29)क(cid:9)म (cid:1)दान करने वाले (cid:24)कसी एक ब*क अथवा (cid:1)ाथिमक डीलर के मा8यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े (cid:1)(cid:29)तुत करते ह।* अअअअपपपपववववाााादददद:::: ऐसे %े0ीय 1ामीण ब*क (आरआरबी) तथा सहकारी ब*क जो भारतीय (cid:14)रजव, ब*क म (cid:27) एस.जी.एल.खाता और चालू खाता रखते ह,* अपनी अ(cid:1)ित(cid:29)पध(cid:30) बोिलय(cid:7) को (cid:1)(cid:17)य% :प से (cid:1)(cid:29)तुत करने के िलए पा0 ह(cid:7)गे। IIIIIIIIIIII.... (cid:24)(cid:24)(cid:24)(cid:24)ाााापपपपककककतततताााा:::: उपयु,< शत) के अधीन "अ(cid:1)ित(cid:29)पध(cid:30)" आधार पर फम), कंपिनय(cid:7), िनगिमत िनकाय(cid:7), सं(cid:29)था>, भिव?य िनिधय(cid:7), .यास(cid:7) और भारतीय (cid:14)रजव, ब*क Aारा यथा-िनधा,(cid:14)रत (cid:24)कसी अ.य कंपनी सिहत (cid:24)कसी भी (cid:10)ि< के िलए भागीदारी खुली ह।ै बोली दने े क(cid:9) .यूनतम रािश 10,000 4पए (अं(cid:24)कत मू6य) और उसके बाद 10,000 4पए के गुणज(cid:7) म (cid:27)होगी जैसा अब तक (cid:24)दनां(cid:24)कत (cid:29)टॉक के िलए ह।ै IIIIVVVV.... अअअअ(cid:22)(cid:22)(cid:22)(cid:22)यययय (cid:1)(cid:1)(cid:1)(cid:1)चचचचााााललललननननाााा(cid:28)(cid:28)(cid:28)(cid:28)ममममकककक (cid:29)(cid:29)(cid:29)(cid:29)ददददशशशशााााििििननननददददशश शश :::: 1111.... खुदरा िनवेशक के िलए उस ब*क अथवा (cid:1)ाथिमक डीलर, िजनके मा8यम से वे भाग लेना चाहते ह,* के पास एक संघटक सहायक सामा.य बही (सीएसजीएल) खाता रखना अिनवाय , होगा। कोई भी िनवेशक इस (cid:29)क(cid:9)म के अधीन (cid:24)दनां(cid:24)कत (cid:1)ितभूित क(cid:9) (cid:24)कसी नीलामी म (cid:27)केवल एक बोली म (cid:27) भाग ले सकता ह।ै इस आशय का वचन (cid:24)क िनवेशक केवल एक बोली दे रहा ह,ै ब*क अथवा (cid:1)ाथिमक डीलर Aारा (cid:1)ाD (cid:24)कया जाना और (cid:14)रकाड, म (cid:27)रखा जाना होगा। 2. अपने 1ाहक(cid:7) से (cid:1)ाD पFे आड,र के आधार पर (cid:1)(cid:17)येक ब*क अथवा (cid:1)ाथिमक डीलर भारतीय (cid:14)रजव, ब*क कोर ब*Hकग सो6यूशन (ई-कुबेर) (cid:1)णाली संबंधी इलेJKॉिनक (cid:1)प0 म (cid:27) अपने 1ाहक(cid:7) क(cid:9) ओर से एक एकल समे(cid:24)कत अ(cid:1)ित(cid:29)पध(cid:30) बोली (cid:1)(cid:29)तुत करेगा। असाधारण प(cid:14)रि(cid:29)थितय(cid:7), जैसे भारतीय (cid:14)रजव ,ब*क कोर ब*Hकग सो6यूशन (ई-कुबेर) (cid:1)णाली म (cid:27)सामा.य गड़बड़ी को छोड़कर, भौितक :प म (cid:27)अ(cid:1)ित(cid:29)पध(cid:30) बोली (cid:29)वीकार नह/ क(cid:9) जाएगी। 3. ब*क अथवा (cid:1)ाथिमक डीलर को अ(cid:1)ित(cid:29)पध(cid:30) खंड के अधीन आबंटन (cid:1)ितलाभ/क(cid:9)मत क(cid:9) उस भारांिशत औसत दर पर होगा, जो (cid:1)ित(cid:29)पध(cid:30) बोली दने े के आधार पर नीलामी म (cid:27) सामन े आएगी। इस बात पर 8यान (cid:24)दए िबना (cid:24)क ब*क अथवा (cid:1)ाथिमक डीलर न े अपने 1ाहक(cid:7) से भुगतान (cid:1)ाD कर िलया है या नह/, िनग,म क(cid:9) तारीख को भुगतान (cid:1)ाD करके ब*क या (cid:1)ाथिमक डीलर को (cid:1)ितभूितया ंजारी क(cid:9) जाएंगी। 4. ऐस े मामले म,(cid:27) जहां बोली क(cid:9) रािश (cid:1)ारि%त रािश (अिधसूिचत रािश के 5 (cid:1)ितशत) से अिधक है यथानुपात आबंटन (cid:24)कया जाएगा। आंिशक आबंटन(cid:7) के मामले म,(cid:27) यह ब*क अथवा (cid:1)ाथिमक डीलर(cid:7) का दािय(cid:17)व होगा (cid:24)क वह अपने 1ाहक(cid:7) को (cid:1)ितभूितय(cid:7) का उिचत आबंटन एक पारदश(cid:30) तरीके से कर(cid:27)। 5. ऐस ेमामल ेम (cid:27)जहां बोली रािश (cid:1)ारि%त रािश स ेकम हो, कमी को (cid:1)ित(cid:29)पध(cid:30) भाग म (cid:27)शािमल (cid:24)कया जाएगा। 6. (cid:1)ितभूित को भारतीय (cid:14)रजव, ब*क Aारा केवल एसजीएल :प म (cid:27) जारी (cid:24)कया जाएगा। भारतीय (cid:14)रजव, ब*क इसे या तो ब*क अथवा (cid:1)ाथिमक डीलर के मुLय एसजीएल खाते अथवा सीएसजीएल खात ेम (cid:27) जमा करेगा, जैसा(cid:24)क उनके Aारा िनदशN (cid:24)दया गया ह।ै मुLय एसजीएल खाते म (cid:27) जमा करने क(cid:9) सुिवधा एकमा0 उन िनवेशक(cid:7) क(cid:9) सेवा के (cid:1)योजनाथ , है जो उनके घटक नह/ ह*। अतः ब*क अथवा (cid:1)ाथिमक डीलर(cid:7) को अ(cid:1)ित(cid:29)पध(cid:30) बोिलय(cid:7) क(cid:9) िनिवदा दते े समय उनके एसजीएल खात े और सीएसजीएल खात े म (cid:27) जमा होने वाली रािशय(cid:7) (अं(cid:9)कत मू(cid:14)य) को (cid:29)प? ट :प से दशा,ना होगा। बाद म (cid:27)िनवेशक के अनुरोध पर मुLय एसजीएल खात ेसे वा(cid:29)तिवक :प म (cid:27)क(cid:9) गई सुपुदग, ी (cid:29)वीकाय ,ह।ै 7. यह ब*क अथवा (cid:1)ाथिमक डीलर का दािय(cid:17)व है (cid:24)क वह 1ाहक को (cid:1)ितभूितया ं ह(cid:29)तांत(cid:14)रत करे। असाधारण प(cid:14)रि(cid:29)थितय(cid:7) को छोड़कर, 1ाहक(cid:7) को (cid:1)ितभूितय(cid:7) का अंतरण िनग,म क(cid:9) ितिथ से पांच काय ,(cid:24)दवस(cid:7) के भीतर पूरा (cid:24)कया जाएगा। 8. ब*क अथवा (cid:1)ाथिमक डीलर अपने 1ाहक(cid:7) को यह सेवा दने े के िलए छह पैस े (cid:1)ित सौ 4पए तक दलाली/कमीशन/सेवा (cid:1)भार के :प म (cid:27) वसूल कर सकते ह।* ऐसी क(cid:9)मत िबO(cid:9) मू6य म (cid:27) शािमल क(cid:9) जा सकती है या 1ाहक(cid:7) से अलग से वसूल क(cid:9) जा सकती है। ऐसे4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] मामले म (cid:27) जहां (cid:1)ितभूितय(cid:7) का अंतरण (cid:1)ितभूित क(cid:9) िनग,म ितिथ के बाद (cid:1)भावी होता हो, ब*क या (cid:1)ाथिमक डीलर को 1ाहक Aारा दये (cid:1)ितफल रािश म (cid:27)िनग,म ितिथ से उपिचत Pयाज शािमल होगा। 9. (cid:1)ितभूितय(cid:7) क(cid:9) लागत, उपिचत Pयाज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा (cid:1)भार(cid:7) के िलए 1ाहक(cid:7) से भुगतान (cid:1)ाD करने क(cid:9) काय-, (cid:1)णाली, ब*क या (cid:1)ाथिमक डीलर Aारा 1ाहक के साथ क(cid:9) गई सहमित के अनुसार तैयार क(cid:9) जाएगी। यह उ6लेखनीय ह ै(cid:24)क (cid:24)कसी अ.य लागत, जैसे िनिधकरण लागत को मू6य म (cid:27)शािमल नह/ (cid:24)कया जाना चािहए या 1ाहक(cid:7) से वसूल नह/ (cid:24)कया जाना चािहए। VVVV.... ब*क(cid:7) और (cid:1)ाथिमक डीलर(cid:7) को भारतीय (cid:14)रजव ,ब*क (ब*क) Aारा समय-समय पर मांगी गई योजना के तहत संचालन(cid:7) से संबंिधत सूचना िनधा,(cid:14)रत समय सीमा के अंतग,त ब*क को (cid:1)(cid:29)तुत करनी होगी। VVVVIIII.... ऊपर उि6लिखत (cid:24)दशािनदशN ब*क Aारा समी%ा के अधीन ह ै और त नुसार, जब भी आवRयकता होगी, योजना को संशोिधत (cid:24)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) NOTIFICATION New Delhi, the 25th June, 2018 Auction for Sale (Re-issue) of Government Stock (GS) F. No. 4(6)W&M/2018.—Government of India hereby notifies sale (re-issue) of the following Government Stocks: Name of the Date of Original Original Tenure Date of Auction Auction Notified Amount Security Issue Maturity Basis Method (yy-mm-dd) (in ` Crore) 6.84% GS 2022 Sep. 12, 2016 06-03-07 Dec. 19, 2022 Price Multiple 3,000 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 2,000 7.72% GS 2055 Oct. 26, 2015 40-00-00 Oct. 26, 2055 Price Multiple 3,000 Subject to the limit of `12,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to `1,000 crore 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 June 29, 2018. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 29, 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.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5 When Issued Trading 4. The Stocks 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 June 29, 2018. The payment by successful bidders will be on July 2, 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 Stocks will be repaid at par on date of maturity. Name of the Coupon rate Date of Last Date upto which accrued Date of Coupon Security (%) Coupon payment interest is due payments (month/date) 6.84% GS 2022 6.84 Jun.19, 2018 July 1, 2018 Dec. 19 and Jun. 19 7.17% GS 2028 7.17 New Stock July 1, 2018 Jul. 08 and Jan. 08 7.40% GS 2035 7.40 Mar. 09, 2018 July 1, 2018 Sep. 09 and Mar. 09 7.72% GS 2055 7.72 Apr. 26, 2018 July 1, 2018 Oct. 26 and Apr. 26 By Order of the President of India, ARVIND SHRIVASTAVA, Jt. Secy. Annex Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities I. Scope : With a view to encouraging wider participation and retail holding of Government securities, it is proposed to allow participation on “non-competitive” basis in select auctions of dated Government of India (GoI)securities. Accordingly, non-competitive bids up to 5 per cent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount. II. Eligibility: Participation on a non-competitive basis in the auctions of dated GOI securities will be open to investors who satisfy the following: 1. do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be covered under this Scheme in view of their statutory obligations. 2. make a single bid for an amount not more than ` two crore (face value) per auction 3. submit their bid indirectly through any one bank or PD offering this scheme. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks that maintain SGL account and current account with the Reserve Bank of India shall be eligible to submit their non competitive bids directly. III. Coverage: Subject to the conditions mentioned above, participation on “non-competitive” basis is open to any person including firms, companies, corporate bodies, institutions, provident funds, trusts, and any other entity as may be prescribed by RBI. The minimum amount for bidding will be ` 10,000 (face value) and thereafter in multiples in ` 10,000 as hitherto for dated stocks. IV. Other Operational Guidelines: 1. The retail investor desirous of participating in the auction under the Scheme would be required to maintain a constituent subsidiary general ledger (CSGL) account with the bank or PD through whom they6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] wish to participate. Under the Scheme, an investor can make only a single bid in an auction of a dated security. An undertaking to the effect that the investor is making only a single bid will have to obtained and kept on record by the bank or PD. 2. Each bank or PD on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents for each security in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) System. Except in extraordinary circumstances such as general failure of the Reserve Bank of India Core Banking Solution (E-Kuber) System, non-competitive bid in physical form will not be accepted. 3. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price that will emerge in the auction on the basis of the competitive bidding. The securities will be issued to the bank or PD against payment on the date of issue irrespective of whether the bank or PD has received payment from their clients or not. 4. In case the aggregate amount of bid is more than the reserved amount (5% of notified amount), pro rata allotment would be made. In case of partial allotments, it will be the responsibility of the bank or PD to appropriately allocate securities to their clients in a transparent manner. 5. In case the aggregate amount of bids is less than the reserved amount, the shortfall will be taken to competitive portion. 6. Security would be issued only in SGL form by RBI. RBI would credit either the main SGL account or the CSGL account of the bank or PD as indicated by them. The facility for affording credit to the main SGL account is for the sole purpose of servicing investors who are not their constituents. Therefore, the bank or PD would have to indicate clearly at the time of tendering the non-competitive bids the amounts (face value) to be credited to their SGL account and the CSGL account. Delivery in physical form from the main SGL account is permissible at the instance of the investor subsequently. 7. It will be the responsibility of the bank or the PD to pass on the securities to their clients. Except in extraordinary circumstances, the transfer of securities to the clients shall be completed within five working days from the date of issue. 8. The bank or PD can recover upto six paise per ` 100 as brokerage/commission/ service charges for rendering this service to their clients. Such costs may be built into the sale price or recovered separately from the clients. In case the transfer of securities is effected subsequent to the issue date of the security, the consideration amount payable by the client to the bank or PD would also include accrued interest from the date of issue. 9. Modalities for obtaining payment from clients towards cost of the securities, accrued interest wherever applicable and brokerage/commission/service charges may be worked out by the bank or PD as per agreement with the client. It may be noted that no other costs such as funding costs should be built into the price or recovered from the client. V. Banks and PDs will be required to furnish information relating to operations under the Scheme to the Reserve Bank of India (Bank) as may be called for from time to time within the time frame prescribed by the Bank. VI. The aforesaid guidelines are subject to review by the Bank and accordingly, if and when considered necessary, the Scheme will be modified. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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