Home India Ministry of Finance Government of India hereby notifies sale re issue of the fol...
Date: 2019-11-18 Category: Extra Ordinary State: Union Government Country: India

Government of India hereby notifies sale 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 through an auction conducted by the Reserve Bank of India (RBI) on November 22, 2019. It specifies the terms and conditions for the sale, including a non-competitive bidding facility for eligible individuals and institutions. Payment by successful bidders will be on November 25, 2019. Key Points / Main Content: Government Stock Sale/Reissue: * The Government of India is selling/reissuing several Government Stocks. * The total notified amount is limited to 16,000 crore, with an option to retain additional subscriptions up to 1,000 crore for each security. * The sale is subject to specific terms in the notification and general terms in Notification F.No.42WM2018, dated March 27, 2018. Auction Details: * The auction will be conducted by RBI, Mumbai on November 22, 2019. * Bids must be submitted electronically via the RBI's e-Kuber system on November 22, 2019. * Non-competitive bids: 11:30 a.m. to 12:00 noon. * Competitive bids: 11:30 a.m. to 12:30 p.m. * Auction results will be displayed by RBI on November 22, 2019, at its Mumbai office. * Payment by successful bidders is due on November 25, 2019. Non-Competitive Bidding Facility: * Up to 5% of the notified amount will be allotted to eligible individuals/institutions through non-competitive bidding. * Eligible participants do not maintain current or SGL accounts with RBI (with exceptions for RRBs and Cooperative Banks). * Single bid limit: ₹2 crore face value per auction. * Bids must be submitted indirectly through a bank or PD offering the scheme (except for RRBs and Cooperative Banks with SGL accounts). * Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000. Interest and Repayment: * Interest accrues on the nominal value from the original issue/last coupon payment date. * Interest is paid semi-annually. * Stocks will be repaid at par on the maturity date. Impact Analysis: Government of India: * Impact: Raises funds through the sale/reissue of government stocks. * Action Required: Oversee the auction process and manage funds. Reserve Bank of India (RBI): * Impact: Conducts the auction and manages the sale/reissue of government stocks. * Action Required: Conduct the auction on November 22, 2019, display results, and process payments. Banks and Primary Dealers (PDs): * Impact: Facilitate the bidding process for their clients, particularly for non-competitive bids. * Action Required: Submit consolidated non-competitive bids on behalf of constituents, allocate securities, and transfer securities to clients within five working days. Recover brokerage/service charges (up to six paise per 100). Investors (Individuals, Institutions, etc.): * Impact: Opportunity to invest in government securities through competitive or non-competitive bidding. * Action Required: Submit bids through eligible banks/PDs, make payments by November 25, 2019, and maintain CSGL accounts with their bank/PD if participating in non-competitive bidding.

Key Entities Referenced

Reserve Bank of India: The central bank of India, involved in conducting the auction and displaying results. Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate. Department of Economic Affairs: A department of the Ministry of Finance. Budget Division: A division of the Department of Economic Affairs, Ministry of Finance. Government of India: The issuer of the Government Stocks being auctioned. New Delhi: The city where the notification was issued. Mumbai, Maharashtra: Location of the Reserve Bank of India office conducting the auction. Government Securities: Securities being auctioned by Reserve Bank of India
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx I —[k.M 1 PART I—Section 1 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 366] ubZ fnYyh] lkseokj] uoEcj 18] 2019@dkfrZd 27] 1941 No. 366] NEW DELHI, MONDAY, NOVEMBER 18, 2019/KARTIKA 27, 1941 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) ममममं(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)ल ी, 18 नव(cid:9)ब र, 2019 ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ििििबबबब(cid:20)(cid:20)(cid:20)(cid:20)(cid:18)(cid:18)(cid:18)(cid:18) ((((पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी एएएएफफफफ....सससस..ंं..ंं4444((((6666))))----डडडड(cid:28)(cid:28)(cid:28)(cid:28)(cid:29)(cid:29) (cid:29)(cid:29) यय यय एएूूएएूू ंडंडंडंडएएएएमममम////2222000011119999.— भारत सरकार एत(cid:13)ारा नीच े (cid:1)दए गए अनुसार सरकारी (cid:23)टॉक, क(cid:26) िब(cid:28)(cid:26) ((((पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) )))) अिधसूिचत 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 नीलामी अिधसूिचत का आधार क(cid:14) िविध रािश (करोड़ म)(cid:26) तारीख (वष(cid:13)-माह-(cid:17)दन) तारीख 6.17% सरकारी (cid:1)ितभूित 2021 15 जुलाई, 2019 02-00-00 15 जुलाई, 2021 मू(cid:27)य िविवध 2,000 7.27% सरकारी (cid:1)ितभूित 2026 08 अ(cid:1)ैल, 2019 07-00-00 08 अ(cid:1)ैल, 2026 मू(cid:27)य िविवध 2,000 6.45% सरकारी (cid:1)ितभूित 2029 07 अ(cid:31) तबू र, 2019 10-00-00 07 अ(cid:31)त बू र, 2029 मू(cid:27)य िविवध 7,000 7.62% सरकारी (cid:1)ितभूित 2039 08 अ(cid:1)ैल, 2019 20-05-07 15 िसत!ब र, 2039 मू(cid:27)य िविवध 1,000 7.63% सरकारी (cid:1)ितभूित 2059 06 मई, 2019 40-01-11 17 जून, 2059 मू(cid:27)य िविवध 4,000 5939 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] कुल अिधसूिचत रािश के अ यधीन 16,000 करोड़ $पए क(cid:26) सीमा तक भारत सरकार, उपयु()त एक या अिधक *ितभूितय, के प-रपे. य म/ *0 येक म/ 1,000 करोड़ $पए तक के अित-र1 अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:28)(cid:26) इस अिधसूचना (िजसे 'िविश4 ट अिधसूचना' कहा गया ह)ै म / उि(cid:3)लिखत शत5 के अधीन होगी। इस (cid:23)टॉक क(cid:26) िब(cid:28)(cid:26) भारतीय -रजव ( ब9क, मुंबई काया(लय, फोट,( मुंबई-400001 के मा यम स े भारत सरकार ;ारा जारी सामा<य अिधसूचना एफ.सं. 4(2)- ड>(cid:3)यूए?डएम/2018, तारीख 27 माच ( 2018 म /िन@दA शत5 के अधीन क(cid:26) जाएगी। अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीीददददाााातततताााा&&&& ककककोोोो आआआआबबबबटटंंटटंं नननन 2. सरकारी *ितभूितय, क(cid:26) नीलािमय, म / अ*ित(cid:23)पधB बोली देन े क(cid:26) सुिवधा क(cid:26) संलD (cid:23)क(cid:26)म (अनुबंध) के अनुसार, िब(cid:28)(cid:26) क(cid:26) अिधसूिचत रािश का 5 *ितशत तक सरकारी (cid:23)टॉक पाE Fय ि1य, और सं(cid:23)थाH 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 ( ब9क, मुंबई काया(लय, फोट,( मुंबई-400001 ;ारा 22222222 ननननवववव((((बब बब रररर,,,, 2222000011119999 को संचािलत क(cid:26) जाएगी। नीलामी हते ु बोिलयां भारतीय -रजव ( ब9क कोर ब9Jकग सो(cid:3)यूशन (ई-कुबेर) *णाली संबंधी इले)Lॉिनक *पE म / 22222222 ननननवववव((((बब बब रररर,,,, 2222000011119999 को *(cid:23)तुत क(cid:26) जानी चािहए। अ*ित(cid:23)पधB बोिलयां पूवा(Mन 11.30 बजे से दोपहर 12.00 बजे के बीच और *ित(cid:23)पधB बोिलयां पूवा(Mन 11.30 बजे से म याMन 12.30 बजे के बीच *(cid:23)तुत क(cid:26) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:26)(cid:26)िि(cid:26)(cid:26) ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:23)टॉक, भारतीय -रजव( ब9क ;ारा जारी (cid:1)दशा िनदNश, के अनुसार, 'कब िनग(िमत’ कारोबार के िलए पाE 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 ( ब9क ;ारा अपन े फोट( ि(cid:23)थत मुंबई काया(लय म / 22222222 ननननवववव(((( बब ब बरररर,,,, 2222000011119999 को *दPशत (cid:1)कया जाएगा। सफल बोलीदाताH ;ारा भुगतान 22225555 ननननवववव((((बब बब रररर,,,, 2222000011119999 अथा(त ् पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) क(cid:26) तारीख को (cid:1)कया जाएगा। (cid:23)टॉक के िलए भुगतान म / नीलामी म/ आबं-टत (cid:23)टॉक के अं(cid:1)कत म(cid:3)ू य पर, मूलिनग(म/अंितम कूपन भगु तान क(cid:26) तारीख स े *ोRभूत >याज देय होने क(cid:26) तारीख तक *ोRभूत >याज शािमल होगा जैसा (cid:1)क पैरा 6 म/ तािलका म / उि(cid:3)लिखत ह।ै (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. मूलPनग(म/अंितम कूपन भुगतान क(cid:26) तारीख से (cid:23)टॉक के अं(cid:1)कत मू(cid:3)य पर >याज *ोRभूत होगा तथा इसका भुगतान अUव( ाPषक आधार पर (cid:1)कया जाएगा। (cid:23)टॉक का पुनभगु( तान प-रपWता क(cid:26) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा। (cid:1)ितभूित का नाम कूपन दर अ ंि त म कूपन भुगतान (cid:17)कस तारीख तक (cid:1)ो%भूत कूपन भुगतान क(cid:14) तारीख (%) क(cid:14) तारीख &याज दये है (तारीख/माह) 6.17% सरकारी (cid:1)ितभूित 2021 6.17 नया +ट ॉक 24 नव!ब र, 2019 15 जनवरी और 15 जुलाई 7.27% सरकारी (cid:1)ितभूित 2026 7.27 08 अ(cid:31)त बू र, 2019 24 नव!ब र, 2019 08 अ(cid:1)ैल और 08 अ(cid:31)त ूबर 6.45% सरकारी (cid:1)ितभूित 2029 6.45 नया +ट ॉक 24 नव!ब र, 2019 07 अ(cid:1)ैल और 07 अ(cid:31)त ूबर 7.62% सरकारी (cid:1)ितभूित 2039 7.62 15 िसत!ब र, 2019 24 नव!ब र, 2019 15 माच (cid:13)और 15 िसत!ब र 7.63% सरकारी (cid:1)ितभूित 2059 7.63 17 जून, 2019 24 नव!ब र, 2019 17 (cid:17)दसंबर और 17 जून भारत के राXपित के आदेश स,े रजत कुमार िमYा, संयु)त सिचव¹Hkkx Iµ[k.M 1] Hkkjr dk jkti=k % vlk/kj.k 3 अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी ििििततततभभभभििूूििूू ततततयययय,,,, कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम -- --अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीी ससससििुुििुु ववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम IIII.... ककककाााायययय..(cid:26)(cid:26)..(cid:26)(cid:26) (cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी *ितभूितय, क(cid:26) Zापक भागीदारी और खुदरा धा-रता को *ो0साहन देने क(cid:26) दिृ A से भारत सरकार क(cid:26) (cid:1)दनां(cid:1)कत *ितभूितय, क(cid:26) चयिनत नीलािमय, म / "अ*ित(cid:23)पधB" आधार पर भागीदारी क(cid:26) अनुमित देने का *(cid:23)ताव (cid:1)कया गया ह।ै तRनुसार, (cid:1)दनां(cid:1)कत *ितभूितय, क(cid:26) नीलािमय, म / अिधसूिचत रािश के 5 *ितशत तक क(cid:26) अ*ित(cid:23)पधB बोिलयां (cid:23)वीकार क(cid:26) जाएंगी। *ारि\त रािश अिधसूिचत रािश के अअअअ0000ततततगगगगतततत(cid:26)(cid:26)(cid:26)(cid:26) होगी। IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:26) (cid:1)दनां(cid:1)कत *ितभूितय, क(cid:26) नीलािमय, म / अ*ित(cid:23)पधB आधार पर ऐसे िनवेशक, के िलए भागीदारी खुली होगी जो िन]िलिखत शत5 को पूरा करत ेह:9 1. जो भारतीय -रजव ( ब9क के पास चालू खाता (सीए) अथवा सहायक सामा<य बही (एसजीएल) खाता नह^ रखत े ह;9 अअअअपपपपववववाााादददद:::: \ेEीय _ामीण ब9क, (आरआरबी) और सहकारी ब9क, को उनके सांिविधक दािय0व, के दिृ Aगत इस (cid:23)क(cid:26)म के अधीन शािमल (cid:1)कया जाएगा। 2. जो *ि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:23)क(cid:26)म *दान करन े वाले (cid:1)कसी एक ब9क अथवा *ाथिमक डीलर के मा यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े *(cid:23)तुत करते ह।9 अअअअपपपपववववाााादददद:::: ऐसे \ेEीय _ामीण ब9क (आरआरबी) तथा सहकारी ब9क जो भारतीय -रजव ( ब9क म / एस.जी.एल.खाता और चालू खाता रखत ेह,9 अपनी अ*ित(cid:23)पधB बोिलय, को *0य\ ‘प से *(cid:23)तुत करने के िलए पाE ह,गे। IIIIIIIIIIII.... 1111ाााापपपपककककतततताााा:::: उपयु(1 शत5 के अधीन "अ*ित(cid:23)पधB" आधार पर फम5, कंपिनय,, िनगिमत िनकाय,, सं(cid:23)थाH, भिव4 य िनिधय,, <यास, और भारतीय -रजव ( ब9क ;ारा यथा-िनधा(-रत (cid:1)कसी अ<य कंपनी सिहत (cid:1)कसी भी Zि1 के िलए भागीदारी खुली ह।ै बोली देने क(cid:26) <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)दनां(cid:1)कत (cid:23)टॉक के िलए ह।ै IIIIVVVV.... अअअअ0000यययय चचचचााााललललननननाााा3333ममममकककक 4444ददददशशशशााााििििननननदददद6श6श6श6श:::: 1111.... खुदरा िनवेशक के िलए उस ब9क अथवा *ाथिमक डीलर, िजनके मा यम से वे भाग लने ा चाहते ह,9 के पास एक संघटक सहायक सामा<य बही (सीएसजीएल) खाता रखना अिनवाय ( होगा। कोई भी िनवेशक इस (cid:23)क(cid:26)म के अधीन (cid:1)दनां(cid:1)कत *ितभूित क(cid:26) (cid:1)कसी नीलामी म /केवल एक बोली म / भाग ले सकता ह।ै इस आशय का वचन (cid:1)क िनवेशक केवल एक बोली दे रहा ह,ै ब9क अथवा *ाथिमक डीलर ;ारा *ाa (cid:1)कया जाना और -रकाड (म / रखा जाना होगा। 2. अपन े_ाहक, से *ाa पbे आडर( के आधार पर *0येक ब9क अथवा *ाथिमक डीलर भारतीय -रजव (ब9क कोर ब9Jकग सो(cid:3)यूशन (ई-कुबेर) *णाली संबंधी इले)Lॉिनक *पE म / अपने _ाहक, क(cid:26) ओर से एक एकल समे(cid:1)कत अ*ित(cid:23)पधB बोली *(cid:23)तुत करेगा। असाधारण प-रि(cid:23)थितय,, जैसे भारतीय -रजव ( ब9क कोर ब9Jकग सो(cid:3)यूशन (ई-कुबेर) *णाली म / सामा<य गड़बड़ी को छोड़कर, भौितक ‘प म /अ*ित(cid:23)पधB बोली (cid:23)वीकार नह^ क(cid:26) जाएगी। 3. ब9क अथवा *ाथिमक डीलर को अ*ित(cid:23)पधB खंड के अधीन आबंटन *ितलाभ/क(cid:26)मत क(cid:26) उस भारांिशत औसत दर पर होगा, जो *ित(cid:23)पधB बोली देने के आधार पर नीलामी म / सामने आएगी। इस बात पर यान (cid:1)दए िबना (cid:1)क ब9क अथवा *ाथिमक डीलर न े अपने _ाहक, से भुगतान *ाa कर िलया ह ै या नह^, िनग(म क(cid:26) तारीख को भुगतान *ाa करके ब9क या *ाथिमक डीलर को *ितभूितया ंजारी क(cid:26) जाएंगी।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 4. ऐसे मामले म,/ जहां बोली क(cid:26) रािश *ारि\त रािश (अिधसूिचत रािश के 5 *ितशत) से अिधक ह ै यथानुपात आबंटन (cid:1)कया जाएगा। आंिशक आबंटन, के मामले म,/ यह बक9 अथवा *ाथिमक डीलर, का दािय0व होगा (cid:1)क वह अपन े _ाहक, को *ितभूितय, का उिचत आबंटन एक पारदशB तरीके से कर/। 5. ऐसे मामल ेम /जहां बोली रािश *ारि\त रािश से कम हो, कमी को *ित(cid:23)पधB भाग म /शािमल (cid:1)कया जाएगा। 6. *ितभूित को भारतीय -रजव ( ब9क ;ारा केवल एसजीएल ‘प म / जारी (cid:1)कया जाएगा। भारतीय -रजव ( ब9क इसे या तो ब9क अथवा *ाथिमक डीलर के मुcय एसजीएल खाते अथवा सीएसजीएल खाते म / जमा करेगा,जैसा(cid:1)क उनके ;ारा िनदNश (cid:1)दया गया ह।ै मुcय एसजीएल खाते म / जमा करन े क(cid:26) सुिवधा एकमाE उन िनवेशक, क(cid:26) सेवा के *योजनाथ ( ह ै जो उनके घटक नह^ ह।9 अतः ब9क अथवा *ाथिमक डीलर, को अ*ित(cid:23)पधB बोिलय, क(cid:26) िनिवदा देत े समय उनके एसजीएल खाते और सीएसजीएल खाते म / जमा होने वाली रािशय, (अं(cid:9)कत मू(cid:14)य) को (cid:23)प4ट ‘प से दशा(ना होगा। बाद म /िनवेशक के अनुरोध पर मुcय एसजीएल खाते से वा(cid:23)तिवक ‘प म / क(cid:26) गई सुपुदग( ी (cid:23)वीकाय( ह।ै 7. यह ब9क अथवा *ाथिमक डीलर का दािय0व ह ै (cid:1)क वह _ाहक को *ितभूितया ं ह(cid:23)तांत-रत करे। असाधारण प-रि(cid:23)थितय, को छोड़कर, _ाहक, को *ितभूितय, का अंतरण िनग(म क(cid:26) ितिथ से पांच काय ( (cid:1)दवस, के भीतर पूरा (cid:1)कया जाएगा। 8. ब9क अथवा *ाथिमक डीलर अपन े _ाहक, को यह सेवा देन े के िलए छह पैसे *ित सौ $पए तक दलाली/ कमीशन/सेवा *भार के ‘प म / वसूल कर सकते ह।9 ऐसी क(cid:26)मत िब(cid:28)(cid:26) मू(cid:3)य म / शािमल क(cid:26) जा सकती ह ै या _ाहक, से अलग से वसूल क(cid:26) जा सकती ह।ै ऐसे मामले म / जहां *ितभूितय, का अंतरण *ितभूित क(cid:26) िनग(म ितिथ के बाद *भावी होता हो, ब9क या *ाथिमक डीलर को _ाहक ;ारा देय *ितफल रािश म / िनग(म ितिथ से उपिचत >याज शािमल होगा। 9. *ितभूितय, क(cid:26) लागत, उपिचत >याज जहां भी लाग ू हो, तथा दलाली/कमीशन/सेवा *भार, के िलए _ाहक, से भुगतान *ाa करन ेक(cid:26) काय-( *णाली,ब9क या *ाथिमक डीलर ;ारा _ाहक के साथ क(cid:26) गई सहमित के अनुसार तैयार क(cid:26) जाएगी। यह उ(cid:3)लेखनीय ह ै(cid:1)क (cid:1)कसी अ<य लागत, जैसे िनिधकरण लागत को मू(cid:3)य म / शािमल नह^ (cid:1)कया जाना चािहए या _ाहक, से वसूल नह^ (cid:1)कया जाना चािहए। VVVV.... ब9क, और *ा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:23)तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशN ब9क ;ारा समी\ा के अधीन ह ै और तRनुसार, जब भी आवdयकता होगी, योजना को संशोिधत (cid:1)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 18th November, 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 Date of Original Original Tenure Date of Auction Auction Notified Amount Security Issue (yy-mm-dd) Maturity Basis Method (in ` Crore) 6.17% GS 2021 Jul.15, 2019 02-00-00 Jul.15, 2021 Price Multiple 2,000 7.27% GS 2026 Apr. 08, 2019 07-00-00 Apr. 08, 2026 Price Multiple 2,000 6.45% GS 2029 Oct. 07, 2019 10-00-00 Oct. 07, 2029 Price Multiple 7,000¹Hkkx Iµ[k.M 1] Hkkjr dk jkti=k % vlk/kj.k 5 7.62% GS 2039 Apr. 08, 2019 20-05-07 Sep. 15, 2039 Price Multiple 1,000 7.63% GS 2059 May 06, 2019 40-01-11 Jun. 17, 2059 Price Multiple 4,000 Subject to the limit of `16,000 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). Place and date of auction 3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on November 22, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 22, 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 November 22, 2019. The payment by successful bidders will be on November 25, 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 Date upto which Date of Coupon payments (%) Coupon payment accrued interest is due (month/date) 6.17% GS 2021 6.17 New Stock Nov. 24, 2019 Jan. 15 and Jul.15 7.27% GS 2026 7.27 Oct. 08, 2019 Nov. 24, 2019 Apr. 08 and Oct. 08 6.45% GS 2029 6.45 New Stock Nov. 24, 2019 Apr. 07 and Oct. 07 7.62% GS 2039 7.62 Sep.15, 2019 Nov. 24, 2019 Mar.15 and Sep.15 7.63% GS 2059 7.63 Jun.17, 2019 Nov. 24, 2019 Dec.17 and Jun.17 By Order of the President of India, RAJAT KUMAR MISHRA, 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.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 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. 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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