Executive Summary:
This document notifies the sale/reissue of Government Stocks by the Government of India. The stocks will be sold through the Reserve Bank of India (RBI) via auction on June 7, 2019. Payment by successful bidders is due on June 10, 2019. A non-competitive bidding facility is available for eligible individuals and institutions, allowing bids up to 5% of the notified amount.
Key Points / Main Content:
Auction Details:
* Auction Date: June 7, 2019, conducted by RBI Mumbai.
* Bidding: Electronic format via RBI's EKuber system.
* Bid Submission Timings: Non-competitive (11:30 a.m. - 12:00 noon), Competitive (11:30 a.m. - 12:30 p.m.).
* Payment Date: June 10, 2019.
Government Stock Information:
* Government Stocks being reissued include: 7.32 GS 2024, 7.26 GS 2029, 7.69 GS 2043, and 7.72 GS 2049.
* Total notified amount: ₹17,000 crore.
* Government's option to retain additional subscription up to ₹1,000 crore against any one or more securities.
* Stocks are subject to terms and conditions outlined in the notification and General Notification F.No.42WM 2018, dated March 27, 2018.
* Interest will accrue on the nominal value of the Stock and will be paid half yearly.
* Stocks will be repaid at par on the date of maturity.
Non-Competitive Bidding Facility:
* Up to 5% of the notified amount is reserved for non-competitive bids.
* Eligibility: Investors without current/SGL accounts with RBI (exceptions: RRBs and Cooperative Banks), single bid limit of ₹2 crore face value.
* Bids submitted through banks/PDs (exceptions: RRBs and Cooperative Banks with SGL/current accounts can bid directly).
* Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000.
* Allotment at weighted average rate/price from competitive bidding.
Operational Guidelines for Banks/PDs (related to Non-Competitive Bidding):
* Investors must maintain CSGL accounts with participating banks/PDs.
* Banks/PDs submit consolidated non-competitive bids electronically.
* Pro-rata allotment if bids exceed reserved amount.
* Securities issued in SGL form only.
* Transfer of securities to clients within five working days.
* Brokerage/service charges: up to six paise per ₹100.
Impact Analysis:
Government of India:
* Impact: Facilitates borrowing through the sale/reissue of government stocks.
* Action Required: Oversee the auction process and manage the funds raised.
Reserve Bank of India (RBI):
* Impact: Conducts the auction and manages the sale/reissue of government stocks.
* Action Required: Conduct the auction on June 7, 2019, display results, and process payments.
Banks and Primary Dealers (PDs):
* Impact: Act as intermediaries for non-competitive bidders and facilitate the auction process.
* Action Required: Submit consolidated non-competitive bids, manage CSGL accounts, transfer securities to clients, and furnish information to RBI.
Investors (Individuals and Institutions):
* Impact: Opportunity to invest in government securities.
* Action Required: Submit bids through eligible banks/PDs (or directly if RRB/Cooperative Bank), make payments by June 10, 2019, and adhere to bidding guidelines.
Key Entities Referenced
Government of India: The issuer of the government stocks and the author of the notification.
Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing the government stocks.
Mumbai, Maharashtra: Location of the Reserve Bank of India office where the auction is conducted.
Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate, responsible for the notification.
Department of Economic Affairs: A department of the Ministry of Finance.
Budget Division: A division of the Ministry of Finance, responsible for the budget.
Government Stock: Debt instrument issued by the Government of India.
F.No.42WM 2018: General Notification issued by the Government of India
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PART I—Section 1
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ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:6)(cid:6)ंं(cid:6)(cid:6)ंं ााााललललयययय
((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकककक ककककाााायययय (cid:7)(cid:7) (cid:7)(cid:7)ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:8)(cid:8)(cid:8)(cid:8)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 3 जून, 2019
ससससररररककककााााररररीीीी (cid:7)(cid:7)(cid:7)(cid:7)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:10)(cid:10)(cid:10)(cid:10) ििििबबबब(cid:13)(cid:13)(cid:13)(cid:13)(cid:10)(cid:10)(cid:10)(cid:10) ((((पपपपननननुुुु (cid:17)(cid:17)(cid:17)(cid:17)ननननगगगगमम(cid:19)(cid:19)मम(cid:19)(cid:19) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
एएएएफफफफ....सससस..ंं..ंं 4444((((6666))))----डडडड(cid:22)(cid:22)(cid:22)(cid:22)(cid:23)(cid:23) (cid:23)(cid:23) यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011119999....—भारत सरकार एतद ्(cid:1)ारा नीच े(cid:9)दए गए अनसु ार सरकारी (cid:17)टॉक, क(cid:20) िब(cid:23)(cid:20) ((((पपपपननुुननुु (cid:17)(cid:17)(cid:17)(cid:17)ननननगगगगमममम(cid:19)(cid:19)(cid:19)(cid:19) ))))
अिधसिू चत करती ह।ै
(cid:1)ितभूित का नाम मूल िनग(cid:13)म क(cid:14) मूल अविध प(cid:20)रप(cid:22)ता क(cid:14) नीलामी का नीलामी क(cid:14) अ ि धसूिचत
तारीख (वष(cid:13)-माह-(cid:17)दन) तारीख आधार िविध रािश (करोड़ म(cid:26))
7.32% सरकारी (cid:1)ितभूित 2024 28 जनवरी, 2019 05-00-00 28 जनवरी, 2024 मू(cid:27)य िविवध 5,000
7.26% सरकारी (cid:1)ितभूित 2029 14 जनवरी, 2019 10-00-00 14 जनवरी, 2029 मू(cid:27)य िविवध 6,000
7.69% सरकारी (cid:1)ितभूित 2043 30 अ(cid:1)ैल, 2019 24-01-17 17 जून, 2043 मू(cid:27)य िविवध 2,000
7.72% सरकारी (cid:1)ितभूित 2049 15 अ(cid:1)ैल, 2019 30-02-00 15 जून, 2049 मू(cid:27)य िविवध 4,000
कुल अिधसिू चत रािश के अ(cid:29)यधीन 17,000 करोड़ !पए क(cid:20) सीमा तक भारत सरकार, उपय&ु% त एक या अिधक ’ितभिू तय) के
प*रपे+य म, ’-य के म , 1,000 करोड़ !पए तक के अित*र. अिभदान का िवक0प बनाए रखेगी। यह िब(cid:23)(cid:20) इस अिधसूचना
(िजस े 'िविश3ट अिधसूचना' कहा गया ह)ै म , उि0लिखत शत4 के अधीन होगी। इस ’ितभिू त क(cid:20) िब(cid:23)(cid:20) भारतीय *रजव% ब8क,
मुंबई कायाल% य, फोट%, मुंबई-400001 के मा(cid:29)यम स े भारत सरकार (cid:1)ारा जारी सामा:य अिधसूचना एफ.स<ं या 4(2)-ड>0यू
ए?ड एम/2018, तारीख 27 माच %2018 म, िन@दA शत4 के अधीन क(cid:20) जाएगी।
2756 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
अअअअ(cid:27)(cid:27)(cid:27)(cid:27)िििितततत(cid:7)(cid:7)(cid:7)(cid:7)पपपपधधधध(cid:30)(cid:30)(cid:30)(cid:30) बबबबोोोोललललीीीीददददाााातततताााा"""" ककककोोोो आआआआबबबबंटंटंटंटनननन
2. सरकारी ’ितभूितय) क(cid:20) नीलािमय) म , अ’ित(cid:17)पधB बोली दने े क(cid:20) सिु वधा क(cid:20) सलं C (cid:17)क(cid:20)म (अनुबंध) के अनुसार, िब(cid:23)(cid:20) क(cid:20)
अिधसिू चत रािश का 5 ’ितशत तक सरकारी (cid:17)टॉक पाD E यि.य) और सं(cid:17)थाG को आबं*टत (cid:9)कया जाएगा ।
ननननीीीीललललााााममममीीीी ककककाााा (cid:7)(cid:7)(cid:7)(cid:7)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख
3. यह नीलामी भारतीय *रजव% ब8क, मुंबई कायाल% य, फोट%, मुंबई-400001 (cid:1)ारा 7777 जजजजननूूननूू ,,,, 2222000011119999 को संचािलत क(cid:20) जाएगी।
नीलामी हते ु बोिलया ं भारतीय *रजव% ब8क कोर ब8Iकग सो0यूशन (ई-कुबेर) ’णाली संबंधी इले&Kॉिनक ’पD म , 7777 जजजजननूूननूू ,,,, 2222000011119999
को ’(cid:17)तुत क(cid:20) जानी चािहए। अ’ित(cid:17)पधB बोिलया ं पूवा%Lन 11.30 बजे स े दोपहर 12.00 बजे के बीच और ’ित(cid:17)पधB बोिलया ं
पूवा%Lन 11.30 बजे स ेम(cid:29)याLन 12.30 बजे के बीच ’(cid:17)तुत क(cid:20) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:19)(cid:19)िि(cid:19)(cid:19)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:17)टॉक, भारतीय *रजव% ब8क (cid:1)ारा जारी (cid:9)दशािनदशM ) के अनसु ार, 'कब िनगि% मत’ कारोबार के िलए पाD होगा।
ििििननननगगगगमममम(cid:19)(cid:19)(cid:19)(cid:19) कककक(cid:10)(cid:10)(cid:10)(cid:10) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:7)(cid:7)(cid:7)(cid:7)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन
5. नीलामी का प*रणाम भारतीय *रजव% ब8क (cid:1)ारा अपन े फोट% ि(cid:17)थत मुंबई कायाल% य म , 7777 जजजजननूूननूू ,,,, 2222000011119999 को ’दOशत (cid:9)कया
जाएगा। सफल बोलीदाताG (cid:1)ारा भुगतान 11110000 जजजजननूूननूू ,,,, 2222000011119999 अथा%त ् पपपपननननुुुु (cid:17)(cid:17)(cid:17)(cid:17)ननननगगगगमम(cid:19)(cid:19)मम(cid:19)(cid:19) क(cid:20) तारीख को (cid:9)कया जाएगा। (cid:17)टॉक के िलए
भुगतान म ,नीलामी म, आबं*टत (cid:17)टॉक के अं(cid:9)कत मू0य पर, मलू िनगम% /अंितम कूपन भुगतान क(cid:20) तारीख स े ’ोQभूत >याज दये होन े
क(cid:20) तारीख तक ’ोQभतू >याज शािमल होगा जैसा (cid:9)क पैरा 6 म ,तािलका म, उि0लिखत ह।ै
(cid:22)(cid:22)(cid:22)(cid:22)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:7)(cid:7)(cid:7)(cid:7)टटटटॉॉॉॉकककक ककककाााा पपपपननननुुुु भभभभगगु(cid:19)ु(cid:19)गगु(cid:19)ु(cid:19) तततताााानननन
6. मूल िनग%म/अंितम कूपन भुगतान क(cid:20) तारीख स े (cid:17)टॉक के अ(cid:9)ं कत मू0य पर >याज ’ोQभूत होगा तथा इसका भुगतान
अTव% ाOषक आधार पर (cid:9)कया जाएगा। (cid:17)टॉक का पनु भु%गतान प*रपVता क(cid:20) तारीख पर सममू0य पर (cid:9)कया जाएगा।
(cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तततत मममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन (cid:21)(cid:21)(cid:21)(cid:21)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:8)(cid:8)(cid:8)(cid:8)ोोोो(cid:24)(cid:24)(cid:24)(cid:24)भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:17)(cid:17)(cid:17)(cid:17) ततततााााररररीीीीखखखख
((((%%%%)))) कककक(cid:17)(cid:17)(cid:17)(cid:17) ततततााााररररीीीीखखखख (cid:25)(cid:25)(cid:25)(cid:25)ययययााााजजजज ददददेयेयेयेय हहहह ैैैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह))))
7.32% सरकारी (cid:1)ितभूित 2024 7.32 नई (cid:1)ितभूित 9 जून, 2019 28 जुलाई और 28 जनवरी
7.26% सरकारी (cid:1)ितभूित 2029 7.26 नई (cid:1)ितभूित 9 जून, 2019 14 जुलाई और 14 जनवरी
7.69% सरकारी (cid:1)ितभूित 2043 7.69 नई (cid:1)ितभूित 9 जून, 2019 17 जून और 17 (cid:17)दसंबर
7.72% सरकारी (cid:1)ितभूित 2049 7.72 नई (cid:1)ितभूित 9 जून, 2019 15 जून और 15 (cid:17)दसंबर
भारत के राWपित के आदशे स,े
अरXवद Yीवा(cid:17) तव, संयु. सिचव,
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी (cid:27)(cid:27)(cid:27)(cid:27)ििििततततभभभभििििूूूूततततयययय’’’’ कककक(cid:10)(cid:10)(cid:10)(cid:10) ननननीीीीललललााााममममीीीी मममम ((((अअअअ(cid:27)(cid:27)(cid:27)(cid:27)िििितततत(cid:7)(cid:7)(cid:7)(cid:7)पपपपधधधध(cid:30)(cid:30)(cid:30)(cid:30) बबबबोोोोललललीीीी ससससििुुििुुववववधधधधाााा (cid:7)(cid:7)(cid:7)(cid:7)कककक(cid:10)(cid:10)(cid:10)(cid:10)मममम
IIII.... ककककाााायययय))))(cid:19)(cid:19)(cid:19)(cid:19) े+े+े+े+:::: सरकारी ’ितभिू तय) क(cid:20) Zापक भागीदारी और खुदरा धा*रता को ’ो-साहन दने े क(cid:20) दिृA स े भारत सरकार क(cid:20)
(cid:9)दना(cid:9)ं कत ’ितभिू तय) क(cid:20) चयिनत नीलािमय) म , "अ’ित(cid:17)पधB" आधार पर भागीदारी क(cid:20) अनुमित दने े का ’(cid:17)ताव (cid:9)कया गया
ह।ै तQनसु ार, (cid:9)दना(cid:9)ं कत ’ितभिू तय) क(cid:20) नीलािमय) म , अिधसिू चत रािश के 5 ’ितशत तक क(cid:20) अ’ित(cid:17)पधB बोिलया ं (cid:17)वीकार
क(cid:20) जाएंगी। ’ारि\त रािश अिधसिू चत रािश के अअअअ,,,,ततततगगगगतत(cid:19)(cid:19)तत(cid:19)(cid:19) होगी।
IIIIIIII.... पपपपाााा++++तततताााा :::: भारत सरकार क(cid:20) (cid:9)दना(cid:9)ं कत ’ितभिू तय) क(cid:20) नीलािमय) म , अ’ित(cid:17)पधB आधार पर ऐस े िनवेशक) के िलए
भागीदारी खुली होगी जो िन]िलिखत शत4 को पूरा करत ेह8:
1. जो भारतीय *रजव% ब8क के पास चाल ूखाता (सीए) अथवा सहायक सामा:य बही (एसजीएल) खाता नह^ रखते ह;8¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
अअअअपपपपववववाााादददद:::: \ेDीय _ामीण ब8क) (आरआरबी) और सहकारी ब8क) को उनके सांिविधक दािय-व) के दिृ Aगत इस (cid:17)क(cid:20)म के
अधीन शािमल (cid:9)कया जाएगा।
2. जो ’ित नीलामी दो करोड़ !पए (अं(cid:9)कत मू0य) से अनिधक रािश के िलए एक ही बोली लगाते ह;8
3. जो यह (cid:17)क(cid:20)म ’दान करन े वाल े (cid:9)कसी एक ब8क अथवा ’ाथिमक डीलर के मा(cid:29)यम स े अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े
’(cid:17)तुत करत ेह8।
अअअअपपपपववववाााादददद:::: ऐस े \ेDीय _ामीण ब8क (आरआरबी) तथा सहकारी ब8क जो भारतीय *रजव% ब8क म , एस.जी.एल.खाता और
चाल ूखाता रखत ेह,8 अपनी अ’ित(cid:17)पधB बोिलय) को ’-य\ ‘प से ’(cid:17)तुत करने के िलए पाD ह)गे।
IIIIIIIIIIII.... ----ाााापपपपककककतततताााा:::: उपयु%. शत4 के अधीन "अ’ित(cid:17)पधB" आधार पर फम4, कंपिनय), िनगिमत िनकाय), सं(cid:17)थाG, भिव3य
िनिधय), :यास) और भारतीय *रजव% ब8क (cid:1)ारा यथा-िनधा%*रत (cid:9)कसी अ:य कंपनी सिहत (cid:9)कसी भी Zि. के िलए भागीदारी
खुली ह।ै बोली दने े क(cid:20) :यूनतम रािश 10,000 !पए (अं(cid:9)कत मू0य) और उसके बाद 10,000 !पए के गुणज) म , होगी जैसा
अब तक (cid:9)दना(cid:9)ं कत (cid:17)टॉक के िलए ह।ै
IIIIVVVV.... अअअअ,,,,यययय (cid:27)(cid:27)(cid:27)(cid:27)चचचचााााललललननननाााा////ममममकककक 0000ददददशशशशााााििििननननददददशश22शश22 ::::
1. खुदरा िनवेशक के िलए उस ब8क अथवा ’ाथिमक डीलर, िजनके मा(cid:29)यम स े वे भाग लेना चाहत े ह,8 के पास एक
संघटक सहायक सामा:य बही (सीएसजीएल) खाता रखना अिनवाय % होगा। कोई भी िनवेशक इस (cid:17)क(cid:20)म के अधीन
(cid:9)दना(cid:9)ं कत ’ितभिू त क(cid:20) (cid:9)कसी नीलामी म , केवल एक बोली म, भाग ले सकता ह।ै इस आशय का वचन (cid:9)क िनवेशक
केवल एक बोली द ेरहा ह,ै ब8क अथवा ’ाथिमक डीलर (cid:1)ारा ’ाa (cid:9)कया जाना और *रकाड %म ,रखा जाना होगा।
2. अपन े _ाहक) स े ’ाa पbे आडर% के आधार पर ’-यके ब8क अथवा ’ाथिमक डीलर भारतीय *रजव% ब8क कोर ब8Iकग
सो0यूशन (ई-कुबेर) ’णाली सबं ंधी इले&Kॉिनक ’पD म , अपने _ाहक) क(cid:20) ओर स े एक एकल समे(cid:9)कत अ’ित(cid:17)पधB
बोली ’(cid:17)तुत करेगा। असाधारण प*रि(cid:17)थितय), जैस े भारतीय *रजव% ब8क कोर ब8Iकग सो0यूशन (ई-कुबेर) ’णाली म ,
सामा:य गड़बड़ी को छोड़कर, भौितक ‘प म, अ’ित(cid:17)पधB बोली (cid:17)वीकार नह^ क(cid:20) जाएगी।
3. ब8क अथवा ’ाथिमक डीलर को अ’ित(cid:17)पधB खंड के अधीन आबंटन ’ितलाभ/क(cid:20)मत क(cid:20) उस भारांिशत औसत दर पर
होगा, जो ’ित(cid:17)पधB बोली दने ेके आधार पर नीलामी म ,सामन ेआएगी। इस बात पर (cid:29)यान (cid:9)दए िबना (cid:9)क ब8क अथवा
’ाथिमक डीलर ने अपन े _ाहक) स ेभुगतान ’ाa कर िलया ह ैया नह^, िनगम% क(cid:20) तारीख को भुगतान ’ाa करके ब8क
या ’ाथिमक डीलर को ’ितभिू तया ंजारी क(cid:20) जाएंगी।
4. ऐस ेमामल े म,, जहां बोली क(cid:20) रािश ’ारि\त रािश (अिधसूिचत रािश के 5 ’ितशत) से अिधक ह ैयथानपु ात आबंटन
(cid:9)कया जाएगा। आंिशक आबंटन) के मामल े म,, यह ब8क अथवा ’ाथिमक डीलर) का दािय-व होगा (cid:9)क वह अपन े
_ाहक) को ’ितभूितय) का उिचत आबंटन एक पारदशB तरीके स ेकर,।
5. ऐस ेमामल ेम ,जहां बोली रािश ’ारि\त रािश स ेकम हो, कमी को ’ित(cid:17)पधB भाग म, शािमल (cid:9)कया जाएगा।
6. ’ितभिू त को भारतीय *रजव% ब8क (cid:1)ारा केवल एसजीएल ‘प म , जारी (cid:9)कया जाएगा। भारतीय *रजव% ब8क इस े या तो
ब8क अथवा ’ाथिमक डीलर के म<ु य एसजीएल खात े अथवा सीएसजीएल खात े म , जमा करेगा,जैसा(cid:9)क उनके (cid:1)ारा
िनदशM (cid:9)दया गया ह।ै म<ु य एसजीएल खात े म , जमा करने क(cid:20) सुिवधा एकमाD उन िनवेशक) क(cid:20) सेवा के ’योजनाथ % ह ै
जो उनके घटक नह^ ह।8 अतः ब8क अथवा ’ाथिमक डीलर) को अ’ित(cid:17)पधB बोिलय) क(cid:20) िनिवदा दते े समय उनके
एसजीएल खाते और सीएसजीएल खात े म , जमा होन े वाली रािशय) (अं(cid:9)कत मू(cid:14)य) को (cid:17)प3 ट ‘प स े दशा%ना होगा।
बाद म ,िनवेशक के अनुरोध पर मु<य एसजीएल खात ेस ेवा(cid:17)तिवक ‘प म ,क(cid:20) गई सुपुदग% ी (cid:17)वीकाय %ह।ै4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
7. यह ब8क अथवा ’ाथिमक डीलर का दािय-व है (cid:9)क वह _ाहक को ’ितभूितया ं ह(cid:17)तातं *रत करे। असाधारण
प*रि(cid:17)थितय) को छोड़कर, _ाहक) को ’ितभूितय) का अंतरण िनग%म क(cid:20) ितिथ स े पांच काय % (cid:9)दवस) के भीतर पूरा
(cid:9)कया जाएगा।
8. ब8क अथवा ’ाथिमक डीलर अपन े _ाहक) को यह सेवा दने ेके िलए छह पैस े ’ित सौ !पए तक दलाली/कमीशन/सेवा
’भार के ‘प म ,वसलू कर सकते ह।8 ऐसी क(cid:20)मत िब(cid:23)(cid:20) मू0य म ,शािमल क(cid:20) जा सकती है या _ाहक) से अलग स ेवसूल
क(cid:20) जा सकती ह।ै ऐसे मामल े म , जहां ’ितभिू तय) का अंतरण ’ितभिू त क(cid:20) िनग%म ितिथ के बाद ’भावी होता हो, ब8क
या ’ाथिमक डीलर को _ाहक (cid:1)ारा दये ’ितफल रािश म ,िनगम% ितिथ स ेउपिचत >याज शािमल होगा।
9. ’ितभिू तय) क(cid:20) लागत, उपिचत >याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा ’भार) के िलए _ाहक) स े
भुगतान ’ाa करन े क(cid:20) काय-% ’णाली,ब8क या ’ाथिमक डीलर (cid:1)ारा _ाहक के साथ क(cid:20) गई सहमित के अनुसार तैयार
क(cid:20) जाएगी। यह उ0लेखनीय ह ै (cid:9)क (cid:9)कसी अ:य लागत, जैस े िनिधकरण लागत को मू0य म , शािमल नह^ (cid:9)कया जाना
चािहए या _ाहक) से वसूल नह^ (cid:9)कया जाना चािहए।
VVVV.... ब8क) और ’ाथिमक डीलर) को भारतीय *रजव% ब8क (ब8क) (cid:1)ारा समय-समय पर मांगी गई योजना के तहत संचालन) स े
संबंिधत सूचना िनधा%*रत समय सीमा के अंतग%त ब8क को ’(cid:17)तुत करनी होगी।
VVVVIIII.... ऊपर उि0लिखत (cid:9)दशािनदशM ब8क (cid:1)ारा समी\ा के अधीन ह ै और तQनसु ार, जब भी आवcयकता होगी, योजना को
संशोिधत (cid:9)कया जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 3rd June, 2019
Auction for Sale (Re-issue) of Government Stock (GS)
F.No.4(6)W&M/2019:—Government of India hereby notifies sale (re-issue) of the following Government
Stocks:
Name of the Security Date of Original Issue Original Tenure Date of Maturity Auction Auction Notified
(yy-mm-dd) Basis Method Amount
(in ` Crore)
7.32% GS 2024 Jan. 28, 2019 05-00-00 Jan. 28, 2024 Price Multiple 5,000
7.26% GS 2029 Jan. 14, 2019 10-00-00 Jan. 14, 2029 Price Multiple 6,000
7.69% GS 2043 Apr. 30, 2019 24-01-17 Jun. 17, 2043 Price Multiple 2,000
7.72% GS 2049 Apr. 15, 2019 30-02-00 Jun. 15, 2049 Price Multiple 4,000
Subject to the limit of ` 17,000 crore, being total notified amount, Government of India 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).¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on
June 7, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on June 7, 2019. The non-competitive bids should be submitted between 11.30 a.m. and 12.00
noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m.
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 7, 2019. The payment by successful bidders will be on June 10, 2019 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 Security Coupon rate Date of Last Coupon Date upto which Date of Coupon
(%) payment accrued interest is due payments (month/date)
7.32% GS 2024 7.32 New Security June 9, 2019 Jul. 28 and Jan. 28
7.26% GS 2029 7.26 New Security June 9, 2019 Jul. 14 and Jan. 14
7.69% GS 2043 7.69 New Security June 9, 2019 Jun. 17 and Dec. 17
7.72% GS 2049 7.72 New Security June 9, 2019 Jun. 15 and Dec. 15
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 percent 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 be6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
Pescribed 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-ompetitive 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.