Home India Ministry of Finance Government of India hereby notifies sale issue re issue of t...
Date: 2018-04-16 Category: Extra Ordinary State: Union Government Country: India

Government of India hereby notifies sale issue re issue of the following Government Stocks

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 will be conducted by the Reserve Bank of India (RBI) on April 20, 2018. It also details the terms and conditions for the sale, including a non-competitive bidding facility for wider participation. Key Points / Main Content: Government Stock Sale/Reissue: * The Government of India is selling/reissuing government stocks. * The total notified amount is ₹12,000 crore, with an option to retain up to ₹1,000 crore of additional subscription. * The sale is subject to specific terms and conditions outlined in the notification. Auction Details: * The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai. * The auction date is April 20, 2018. * Bids must be submitted electronically via the RBI's e-Kuber system. * Non-competitive bids are to be submitted between 10:30 AM and 11:30 AM. * Competitive bids are to be submitted between 10:30 AM and 12:00 PM. Non-Competitive Bidding: * Up to 5% of the notified amount will be allotted to eligible individuals and institutions via non-competitive bidding. * Investors without a current account or SGL account with RBI are eligible (with exceptions for RRBs and Cooperative Banks). * A single bid cannot exceed ₹2 crore face value per auction. * Bids must be submitted through a bank or PD offering this scheme (except for RRBs and Cooperative Banks with SGL/current accounts with RBI). * The minimum bid amount is ₹10,000 face value, and thereafter in multiples of ₹10,000. Stock Details: * Stocks are eligible for When Issued trading. * Payment by successful bidders is due on April 23, 2018 (the date of reissue). * Payment includes accrued interest. * Interest is paid half-yearly. * Stocks will be repaid at par on the maturity date. Annex Scheme for Noncompetitive Bidding Facility in the Auctions of Government Securities * Encourages wider participation and retail holding of Government securities Impact Analysis: Government of India: * Impact: Manages government debt and raises funds through stock sales. * Action Required: Oversee the auction process and ensure compliance with the notification terms. Reserve Bank of India (RBI): * Impact: Conducts the auction and manages the bidding process. * Action Required: Execute the auction on April 20, 2018, display results, and ensure payments are processed. Banks and Primary Dealers (PDs): * Impact: Facilitate bidding for their clients, particularly non-competitive bids. * Action Required: Submit consolidated non-competitive bids on behalf of constituents and furnish information relating to operations under the Scheme to the Reserve Bank of India. Investors (Individuals and Institutions): * Impact: Can invest in government stocks through competitive or non-competitive bidding. * Action Required: Submit bids through eligible banks/PDs (if non-competitive) by the specified deadlines and make payments if successful.

Key Entities Referenced

Government of India: Issuer of the government stocks and the notification. Reserve Bank of India: The central bank responsible for conducting the auction and related processes. Mumbai, Maharashtra: Location of the Reserve Bank of India office conducting the auction. Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division fall. Department of Economic Affairs: A department of the Ministry of Finance. Budget Division: A division of the Ministry of Finance, responsible for the notification. Government Stock: General term for the securities being auctioned/reissued. General Notification F.No.42WM2018: A notification issued by the Government of India, which specifies the terms and conditions for the sale of stock
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(cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख 3. यह नीलामी भारतीय ,रजव( ब9क, मुंबई कायाल( य, फोट(, मुंबई-400001 ;ारा 22220000 अअअअ ललैैललैै ,,,, 2222000011118888 को संचािलत क(cid:25) जाएगी। नीलामी हते ु बोिलयां भारतीय ,रजव( ब9क कोर ब9Kकंग सो(cid:3)यूशन (ई-कुबेर) (cid:7)णाली संबंधी इले)Mॉिनक (cid:7)पF म . 22220000 अअअअ ैलैलैलैल,,,, 2222000011118888 को (cid:7)(cid:22)तुत क(cid:25) जानी चािहए। अ(cid:7)ित(cid:22)पधD बोिलया ं पूवा(Nन 10.30 बजे स े पूवा(Nन 11.30 बजे के बीच और (cid:7)ित(cid:22)पधD बोिलयां पूवा(Nन 10.30 बजे स ेदोपहर 12.00 बजे के बीच (cid:7)(cid:22)तुत क(cid:25) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:25)(cid:25)िि(cid:25)(cid:25)ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:22)टॉक, भारतीय ,रजव( ब9क ;ारा जारी (cid:1)दशािनदशO + के अनसु ार, 'कब िनगि( मत’ कारोबार के िलए पाF होगा। ििििननननगगगगमममम(cid:25)(cid:25)(cid:25)(cid:25) 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( ब9क ;ारा अपने फोट( ि(cid:22)थत मुंबई कायाल( य म . 22220000 अअअअ ललैैललैै ,,,, 2222000011118888 को (cid:7)दQश(त (cid:1)कया जाएगा। सफल बोलीदाताI ;ारा भुगतान 22223333 अअअअ ललललैैैै ,,,, 2222000011118888 अथा(त ् पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगग(cid:25)(cid:25)गग(cid:25)(cid:25) मम(cid:25)(cid:25)मम(cid:25)(cid:25) क(cid:25) तारीख को (cid:1)कया जाएगा। (cid:22)टॉक के िलए भुगतान म. नीलामी म. आबं,टत (cid:22)टॉक के अ(cid:1)ं कत मू(cid:3)य पर, मूलिनगम( /अंितम कूपन भुगतान क(cid:25) तारीख स े (cid:7)ोSभूत @याज दये होन ेक(cid:25) तारीख तक (cid:7)ोSभूत @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 पपपपननननुुुु भभभभगगु(cid:25)ु(cid:25)गगु(cid:25)ु(cid:25) तततताााानननन 6. मूल Qन(गम( /अंितम कूपन भुगतान क(cid:25) तारीख स े (cid:22)टॉक के अ(cid:1)ं कत मू(cid:3)य पर @याज (cid:7)ोSभूत होगा तथा इसका भुगतान अTव( ाQषक( आधार पर (cid:1)कया जाएगा। (cid:22)टॉक का पनु भु(गतान प,रपVता क(cid:25) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा। (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तततत मममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन (cid:15)(cid:15)(cid:15)(cid:15)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:1)(cid:1)(cid:1)(cid:1)ोोोो(cid:18)(cid:18)(cid:18)(cid:18)भभभभततूूततूू (cid:19)(cid:19)(cid:19)(cid:19)ययययााााजजजज ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख ((((%%%%)))) कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख ददददययेेययेे हहहह ैै ैै ((((खखखखततततााााररररीीीी////ममममााााहहहह)))) 6.65% सरकारी (cid:1)ितभूित 2020 6.65 नया (cid:10)टॉक 22 अ(cid:1)ैल, 2018 09 अ(cid:17)टूबर और 09 अ(cid:1)ैल भारत सरकार के अ(cid:10)थ ायी दर वाले बांड 2024* अ(cid:10)थ ायी 07 नव(cid:24)बर, 2017 22 अ(cid:1)ैल, 2018 07 मई और 07 नव(cid:24)बर 7.17% सरकारी (cid:1)ितभूित 2028 7.17 नया (cid:10)टॉक 22 अ(cid:1)ैल, 2018 08 जुलाई और 08 जनवरी 6.57% सरकारी (cid:1)ितभूित 2033 6.57 05 (cid:25)दसबं र, 2017 22 अ(cid:1)ैल, 2018 05 जून और 05 (cid:25)दसबं र 7.72% सरकारी (cid:1)ितभूित 2055 7.72 26 अ(cid:17)टूबर, 2017 22 अ(cid:1)ैल, 2018 26 अ(cid:1)ैल और 26 अ(cid:17)टूबर * भारत सरकार के अ(cid:22)थ ायी दर वाले बांड 2024: (i) अ(cid:22)थ ायी दर पर @य ाज का भुगतान अT-( वाQष(क आधार पर (cid:1)कया जाएगा। (ii) बाद क(cid:25) अध(वाQषक( अविध के संबंध म . भुगतान के िलए प,रवत(नीय कूपन दर संबंिधत अध(वाQषक( कूपन अविध के आरंभ होन ेतक धा,रत भारत सरकार क(cid:25) 182 (cid:1)दवसीय राजकोषीय Wिं डय+ पर अंतQनि( हत आय िपछली तीन नीलािमय+ के अिधकतम मू(cid:3)य के दो दशमलव तक पणू ाX(cid:1)कत औसत दर होगी। अंतQनि( हत आय क(cid:25) गणना वष (म .365 (cid:1)दन को यान म. रखकर (cid:1)कया जाएगा। (iii) बांड+ क(cid:25) समयाविध के दौरान भारत सरकार 182 (cid:1)दवसीय राजकोषीय Wिं डय+ क(cid:25) नीलािमय+ को बंद कर (cid:1)दए जान े क(cid:25) ि(cid:22)थ ित म . कूपन दर अTव( ाQष(क कूपन अविध क(cid:25) शु$आत से पहल े िपछल े तीन नोन ,रपोYटXग श(cid:28)ु वार को छह माह तक भारत सरकार (cid:7)ितभिू त/(cid:7)ितभिू तय+ के िलए (cid:7)चािलत प,रप)व ता पर आय (वाईटीएम) क(cid:25) औसत होगी। य(cid:1)द श(cid:28)ु वार को िवशेष कोई छु[ी/छु,[यां ह 9तो प,रप)व ता पर आय क(cid:25) दर. वही ह+गी जो िपछल ेकाय ((cid:1)दवस को थ\। (iv) अनुवतD वष5 के दौरान बांड+ पर अध(वाQष(क ^प से दये @ याज दर, संबंिधत अध(वाQष(क कूपन अविध क(cid:25) शु$आत स े पूव ( भारतीय ,रजव( बक9 ;ारा घोिषत क(cid:25) जाएगी भारत के रा‘पित के आदशे स,े (cid:7)शातं गोयल, संयु0 सिचव¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी ििििततततभभभभििििूूूूततततयययय,,,, कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम ----अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीी ससससििुुििुुववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम IIII.... ककककाााायययय..(cid:25)(cid:25)..(cid:25)(cid:25) (cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी (cid:7)ितभिू तय+ क(cid:25) aापक भागीदारी और खुदरा धा,रता को (cid:7)ो/साहन दने े क(cid:25) दिृC से भारत सरकार क(cid:25) (cid:1)दना(cid:1)ं कत (cid:7)ितभूितय+ क(cid:25) चयिनत नीलािमय+ म . "अ(cid:7)ित(cid:22)पधD" आधार पर भागीदारी क(cid:25) अनुमित दने े का (cid:7)(cid:22)ताव (cid:1)कया गया ह।ै तSनसु ार, (cid:1)दना(cid:1)ं कत (cid:7)ितभिू तय+ क(cid:25) नीलािमय+ म . अिधसिू चत रािश के 5 (cid:7)ितशत तक क(cid:25) अ(cid:7)ित(cid:22)पधD बोिलया ं (cid:22)वीकार क(cid:25) जाएंगी। (cid:7)ारिcत रािश अिधसिू चत रािश के अअअअ0000ततततगगगगतत(cid:25)(cid:25)तत(cid:25)(cid:25) होगी। IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:25) (cid:1)दना(cid:1)ं कत (cid:7)ितभिू तय+ क(cid:25) नीलािमय+ म . अ(cid:7)ित(cid:22)पधD आधार पर ऐसे िनवेशक+ के िलए भागीदारी खुली होगी जो िनdिलिखत शत5 को पूरा करत ेह9: 1. जो भारतीय ,रजव( ब9क के पास चाल ूखाता (सीए) अथवा सहायक सामा<य बही (एसजीएल) खाता नह\ रखत ेह;9 अअअअपपपपववववाााादददद:::: cेFीय eामीण ब9क+ (आरआरबी) और सहकारी ब9क+ को उनके सािं विधक दािय/व+ के दिृCगत इस (cid:22)क(cid:25)म के अधीन शािमल (cid:1)कया जाएगा। 2. जो (cid:7)ित नीलामी दो करोड़ $पए (अं(cid:1)कत मू(cid:3)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;9 3. जो यह (cid:22)क(cid:25)म (cid:7)दान करन े वाल े (cid:1)कसी एक ब9क अथवा (cid:7)ाथिमक डीलर के मा यम स े अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े (cid:7)(cid:22)तुत करत ेह।9 अअअअपपपपववववाााादददद:::: ऐस े cेFीय eामीण ब9क (आरआरबी) तथा सहकारी ब9क जो भारतीय ,रजव( ब9क म . एस.जी.एल.खाता और चाल ूखाता रखत ेह,9 अपनी अ(cid:7)ित(cid:22)पधD बोिलय+ को (cid:7)/यc ^प से (cid:7)(cid:22)तुत करन ेके िलए पाF ह+गे। IIIIIIIIIIII.... 1111ाााापपपपककककतततताााा:::: उपयु(0 शत5 के अधीन "अ(cid:7)ित(cid:22)पधD" आधार पर फम5, कंपिनय+, िनगिमत िनकाय+, सं(cid:22)थाI, भिव4 य िनिधय+, <यास+ और भारतीय ,रजव( ब9क ;ारा यथा-िनधा,( रत (cid:1)कसी अ<य कंपनी सिहत (cid:1)कसी भी aि0 के िलए भागीदारी खुली ह।ै बोली दने े क(cid:25) <यूनतम रािश 10,000 $पए (अं(cid:1)कत मू(cid:3)य) और उसके बाद 10,000 $पए के गुणज+ म. होगी जैसा अब तक (cid:1)दना(cid:1)ं कत (cid:22)टॉक के िलए ह।ै IIIIVVVV.... अअअअ0000यययय चचचचााााललललननननाााा3333ममममकककक 4444ददददशशशशााााििििननननददददशश66शश66 :::: 1111.... खुदरा िनवेशक के िलए उस ब9क अथवा (cid:7)ाथिमक डीलर, िजनके मा यम स े वे भाग लेना चाहत े ह9, के पास एक संघटक सहायक सामा<य बही (सीएसजीएल) खाता रखना अिनवाय ( होगा। कोई भी िनवेशक इस (cid:22)क(cid:25)म के अधीन (cid:1)दना(cid:1)ं कत (cid:7)ितभिू त क(cid:25) (cid:1)कसी नीलामी म . केवल एक बोली म . भाग ले सकता ह।ै इस आशय का वचन (cid:1)क िनवेशक केवल एक बोली द ेरहा ह,ै ब9क अथवा (cid:7)ाथिमक डीलर ;ारा (cid:7)ाf (cid:1)कया जाना और ,रकाड (म .रखा जाना होगा। 2. अपन े eाहक+ स े (cid:7)ाf पgे आडर( के आधार पर (cid:7)/यके ब9क अथवा (cid:7)ाथिमक डीलर भारतीय ,रजव( ब9क कोर ब9Kकंग सो(cid:3)यूशन (ई-कुबेर) (cid:7)णाली संबंधी इले)Mॉिनक (cid:7)पF म. अपने eाहक+ क(cid:25) ओर से एक एकल समे(cid:1)कत अ(cid:7)ित(cid:22)पधD बोली (cid:7)(cid:22)तुत करेगा। असाधारण प,रि(cid:22)थितय+, जैस े भारतीय ,रजव( ब9क कोर ब9Kकंग सो(cid:3)यूशन (ई-कुबरे ) (cid:7)णाली म . सामा<य गड़बड़ी को छोड़कर, भौितक ^प म .अ(cid:7)ित(cid:22)पधD बोली (cid:22)वीकार नह\ क(cid:25) जाएगी। 3. ब9क अथवा (cid:7)ाथिमक डीलर को अ(cid:7)ित(cid:22)पधD खंड के अधीन आबंटन (cid:7)ितलाभ/क(cid:25)मत क(cid:25) उस भारािं शत औसत दर पर होगा, जो (cid:7)ित(cid:22)पधD बोली दने े के आधार पर नीलामी म .सामन ेआएगी। इस बात पर यान (cid:1)दए िबना (cid:1)क ब9क अथवा (cid:7)ाथिमक डीलर न ेअपन े eाहक+ स ेभुगतान (cid:7)ाf कर िलया ह ै या नह\, िनगम( क(cid:25) तारीख को भुगतान (cid:7)ाf करके ब9क या (cid:7)ाथिमक डीलर को (cid:7)ितभूितया ंजारी क(cid:25) जाएंगी।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 4. ऐस े मामल े म,. जहा ं बोली क(cid:25) रािश (cid:7)ारिcत रािश (अिधसिू चत रािश के 5 (cid:7)ितशत) स े अिधक ह ै यथानुपात आबंटन (cid:1)कया जाएगा। आिं शक आबंटन+ के मामल े म,. यह ब9क अथवा (cid:7)ाथिमक डीलर+ का दािय/व होगा (cid:1)क वह अपन े eाहक+ को (cid:7)ितभूितय+ का उिचत आबंटन एक पारदशD तरीके स ेकर.। 5. ऐस ेमामल ेम .जहां बोली रािश (cid:7)ारिcत रािश स ेकम हो, कमी को (cid:7)ित(cid:22)पधD भाग म .शािमल (cid:1)कया जाएगा। 6. (cid:7)ितभिू त को भारतीय ,रजव( ब9क ;ारा केवल एसजीएल ^प म . जारी (cid:1)कया जाएगा। भारतीय ,रजव( ब9क इस े या तो ब9क अथवा (cid:7)ाथिमक डीलर के मु>य एसजीएल खात े अथवा सीएसजीएल खाते म . जमा करेगा,जैसा(cid:1)क उनके ;ारा िनदशO (cid:1)दया गया ह।ै मु>य एसजीएल खात े म . जमा करने क(cid:25) सुिवधा एकमाF उन िनवेशक+ क(cid:25) सेवा के (cid:7)योजनाथ ( ह ैजो उनके घटक नह\ ह।9 अतः ब9क अथवा (cid:7)ाथिमक डीलर+ को अ(cid:7)ित(cid:22)पधD बोिलय+ क(cid:25) िनिवदा दते े समय उनके एसजीएल खात े और सीएसजीएल खाते म . जमा होन े वाली रािशय+ (अ(cid:9)ं कत मू(cid:14)य) को (cid:22)प4 ट ^प स े दशा(ना होगा। बाद म . िनवेशक के अनरु ोध पर म>ु य एसजीएल खात ेस ेवा(cid:22)तिवक ^प म .क(cid:25) गई सुपुदग( ी (cid:22)वीकाय (ह।ै 7. यह ब9क अथवा (cid:7)ाथिमक डीलर का दािय/व ह ै (cid:1)क वह eाहक को (cid:7)ितभिू तया ं ह(cid:22)तांत,रत करे। असाधारण प,रि(cid:22)थितय+ को छोड़कर, eाहक+ को (cid:7)ितभिू तय+ का अंतरण िनगम( क(cid:25) ितिथ स े पांच काय ( (cid:1)दवस+ के भीतर पूरा (cid:1)कया जाएगा। 8. ब9क अथवा (cid:7)ाथिमक डीलर अपन े eाहक+ को यह सेवा दने े के िलए छह पैस े(cid:7)ित सौ $पए तक दलाली/कमीशन/सेवा (cid:7)भार के ^प म .वसूल कर सकते ह।9 ऐसी क(cid:25)मत िब(cid:28)(cid:25) मू(cid:3)य म . शािमल क(cid:25) जा सकती है या eाहक+ स ेअलग से वसलू क(cid:25) जा सकती है। ऐस े मामल े म . जहा ं (cid:7)ितभिू तय+ का अंतरण (cid:7)ितभिू त क(cid:25) िनगम( ितिथ के बाद (cid:7)भावी होता हो, ब9क या (cid:7)ाथिमक डीलर को eाहक ;ारा दये (cid:7)ितफल रािश म .िनगम( ितिथ स ेउपिचत @याज शािमल होगा। 9. (cid:7)ितभिू तय+ क(cid:25) लागत, उपिचत @याज जहा ं भी लाग ू हो, तथा दलाली/कमीशन/सेवा (cid:7)भार+ के िलए eाहक+ से भुगतान (cid:7)ाf करने क(cid:25) काय-( (cid:7)णाली,ब9क या (cid:7)ाथिमक डीलर ;ारा eाहक के साथ क(cid:25) गई सहमित के अनसु ार तैयार क(cid:25) जाएगी। यह उ(cid:3)लेखनीय ह ै (cid:1)क (cid:1)कसी अ<य लागत, जैस े िनिधकरण लागत को मू(cid:3)य म . शािमल नह\ (cid:1)कया जाना चािहए या eाहक+ से वसूल नह\ (cid:1)कया जाना चािहए। VVVV.... ब9क+ और (cid:7)ाथिमक डीलर+ को भारतीय ,रजव( ब9क (ब9क) ;ारा समय-समय पर मांगी गई योजना के तहत संचालन+ से संबंिधत सूचना िनधा(,रत समय सीमा के अंतग(त ब9क को (cid:7)(cid:22)तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशO ब9क ;ारा समीcा के अधीन ह ैऔर तSनसु ार, जब भी आवhयकता होगी, योजना को संशोिधत (cid:1)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 16th April, 2018 Auction for Sale (Re-issue) of Government Stock (GS) F. No. 4(6)W&M/2018.—Government of India hereby notifies sale (issue/re-issue) of the following Government Stocks: Name of the Security Date of Original Original Tenure Date of Maturity Auction Auction Notified Amount Issue (yy-mm-dd) Basis Method (in ` Crore) 6.65% GS 2020 Apr. 09, 2018 02-00-00 Apr. 09, 2020 Price Multiple 2,000 GoI FRB 2024 Nov. 07, 2016 08-00-00 Nov. 07, 2024 Price Multiple 3,000 7.17% GS 2028 Jan. 08, 2018 10-00-00 Jan. 08, 2028 Price Multiple 3,000 6.57% GS 2033 Dec. 05, 2016 17-00-00 Dec.05, 2033 Price Multiple 1,000 7.72% GS 2055 Oct. 26, 2015 40-00-00 Oct. 26, 2055 Price Multiple 3,000¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5 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 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 April 20, 2018. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on April 20, 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 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 April 20, 2018. The payment by successful bidders will be on April 23, 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 up to 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 Security Coupon rate Date of Last Coupon Date upto which Date of Coupon payments (%) payment accrued interest is due (month/date) 6.65% GS 2020 6.65 New Stock April 22, 2018 Oct. 09 and April 09 GoI FRB 2024* Variable Nov. 07, 2017 April 22, 2018 May 07 and Nov. 07 7.17% GS 2028 7.17 New Stock April 22, 2018 Jul. 08 and Jan. 08 6.57% GS 2033 6.57 Dec. 05, 2017 April 22, 2018 Jun. 05 and Dec.05 7.72% GS 2055 7.72 Oct. 26, 2017 April 22, 2018 Apr. 26 and Oct. 26 * GoI FRB 2024: (i) The interest at a variable rate will be paid half-yearly. (ii) The variable coupon rate for payment of interest on subsequent semi-annual period shall be the average rate rounded off up to two decimal places, of the implicit yields at the cut-off prices of the last three auctions of Government of India 182 day Treasury Bills, held up to the commencement of the respective semi-annual coupon period. The implicit yields will be computed by reckoning 365 days in a year. (iii) In the event of Government of India 182-day Treasury Bill auctions being discontinued during the currency of the Bonds, the coupon rate will be the average of Yield to Maturity (YTM) rates prevailing for six month Government of India Security/ies as on the last three non-reporting Fridays prior to the commencement of the semi-annual coupon period. In case particular Friday/s is/are holiday/s, the yield to maturity rates as on the previous working day shall be taken. (iv) The rate of interest payable half yearly on the Bonds during the subsequent years shall be announced by the Reserve Bank of India before the commencement of the relative semi-annual coupon period. By Order of the President of India, PRASHANT GOYAL, Jt.Secy.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 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 they 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.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 7 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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