Home India Ministry of Finance Government of India hereby notifies sale re issue of the fol...
Date: 2019-05-06 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 Indian Ministry of Finance announces the sale/reissue of several Government Stocks through an auction conducted by the Reserve Bank of India (RBI) on May 10, 2019. It details the terms and conditions for the auction, including specific details about the stocks being offered, eligibility for non-competitive bidding, and operational guidelines for participating banks and Primary Dealers (PDs). The payment by successful bidders will be on May 13, 2019. Key Points / Main Content: Government Stock Sale/Reissue: * The Government of India is selling/reissuing Government Stocks. Stock Details: * Stocks include: 7.32 GS 2024, 7.26 GS 2029, 7.69 GS 2043, and 7.72 GS 2049. * Maturity dates range from January 28, 2024, to June 15, 2049. * The total notified amount is ₹17,000 crore, with an option to retain additional subscriptions up to ₹1,000 crore for each security. Auction Details: * The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai on May 10, 2019. * Bids must be submitted electronically via the RBI's Core Banking Solution (EKuber) system. * Non-competitive bids: 11:30 a.m. to 12:00 noon. * Competitive bids: 11:30 a.m. to 12:30 p.m. * The payment by successful bidders will be on May 13, 2019. Non-Competitive Bidding: * Up to 5% of the notified amount is reserved for non-competitive bids. * Eligible bidders: those not maintaining current or SGL accounts with RBI (with exceptions for RRBs and Cooperative Banks). * Single bid limit: ₹2 crore face value per auction. * Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000. Operational Guidelines for Banks/PDs: * Must maintain a CSGL account for retail investors. * Must submit a single consolidated non-competitive bid. * Allotment at weighted average yield/price from competitive bidding. * Securities issued against payment on the issue date. * Transfer securities to clients within five working days. * Brokerage/commission charges capped at six paise per ₹100. Impact Analysis: Reserve Bank of India (RBI): * Impact: Responsible for conducting the auction, displaying results, and issuing securities. * Action Required: Conduct the auction on May 10, 2019, display results, and credit securities to SGL/CSGL accounts. Banks and Primary Dealers (PDs): * Impact: Act as intermediaries for non-competitive bidders, submit consolidated bids, and transfer securities to clients. * Action Required: Establish CSGL accounts for retail investors, submit bids on EKuber, transfer securities within five days, and furnish required information to RBI. Retail Investors: * Impact: Can participate in the auction on a non-competitive basis through banks/PDs. * Action Required: Maintain a CSGL account, submit a single bid through a bank/PD, and provide payment for securities. Government of India: * Impact: Raises funds through the sale/reissue of government stocks. * Action Required: Monitor the auction process and ensure compliance with the specified terms and conditions.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing government securities. Ministry of Finance: The government ministry responsible for economic affairs and issuing the notification regarding the sale of government stocks. Government of India: The issuer of the government stocks and the entity conducting the sale/reissue. Mumbai, Maharashtra: Location of the Reserve Bank of India office where the auction is conducted. Government Stock: Debt instrument being sold/reissued by the Government of India. New Delhi: The city where the notification was issued. 7.32 GS 2024: Specific Government Stock with a coupon rate of 7.32% maturing in 2024. Scheme for Noncompetitive Bidding Facility in the Auctions of Government Securities: A scheme to encourage wider participation and retail holding of Government securities.
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अिधसूचना (िजसे 'िविश6ट अिधसूचना' कहा गया ह)ै म0 उि(cid:13)लिखत शत7 के अधीन होगी। इस (cid:26)टॉक क(cid:29) िब (cid:29) भारतीय .रजव(cid:7) ब;क, मुंबई काया(cid:7)लय, फोट,(cid:7) मुंबई-400001 के मा%यम से भारत सरकार (cid:16)ारा जारी सामा=य अिधसूचना एफ.सं?या 4(2)-डA(cid:13)यू एBड एम/2018, तारीख 27 माच(cid:7) 2018 म0 िनCदD शत7 के अधीन क(cid:29) जाएगी। 2368 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 आआआआबबबबटटंंटटंं नननन 2. सरकारी (cid:8)ितभूितय- क(cid:29) नीलािमय- म0 अ(cid:8)ित(cid:26)पधE बोली देने क(cid:29) सुिवधा क(cid:29) संलF (cid:26)क(cid:29)म (अनुबंध) के अनुसार, िब (cid:29) क(cid:29) अिधसूिचत रािश का 5 (cid:8)ितशत तक सरकारी (cid:26)टॉक पाG Hय ि2य- और सं(cid:26)थाI को आबं.टत (cid:11)कया जाएगा । ननननीीीीललललााााममममीीीी ककककाााा (cid:7)(cid:7)(cid:7)(cid:7)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख 3. यह नीलामी भारतीय .रजव(cid:7) ब;क, मुंबई काया(cid:7)लय, फोट,(cid:7) मुंबई-400001 (cid:16)ारा 11110000 ममममईईईई,,,, 2222000011119999 को संचािलत क(cid:29) जाएगी। नीलामी हते ु बोिलयां भारतीय .रजव(cid:7) ब;क कोर ब;Jकग सो(cid:13)यूशन (ई-कुबेर) (cid:8)णाली संबंधी इले,Lॉिनक (cid:8)पG म0 11110000 ममममईईईई,,,, 2222000011119999 को (cid:8)(cid:26)तुत क(cid:29) जानी चािहए। अ(cid:8)ित(cid:26)पधE बोिलयां पूवा(cid:7)Mन 11.30 बजे से दोपहर 12.00 बजे के बीच और (cid:8)ित(cid:26)पधE बोिलयां पूवा(cid:7)Mन 11.30 बजे से म%याMन 12.30 बजे के बीच (cid:8)(cid:26)तुत क(cid:29) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:19)(cid:19)िि(cid:19)(cid:19)ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:26)टॉक, भारतीय .रजव(cid:7) ब;क (cid:16)ारा जारी (cid:11)दशािनदशN - के अनुसार, 'कब िनग(cid:7)िमत’ कारोबार के िलए पाG होगा। ििििननननगगगग(cid:19)म(cid:19)म(cid:19)म(cid:19)म 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(cid:7) ब;क (cid:16)ारा अपने फोट(cid:7) ि(cid:26)थत मुंबई काया(cid:7)लय म 0 11110000 ममममईईईई,,,, 2222000011119999 को (cid:8)द(cid:2)शत (cid:11)कया जाएगा। सफल बोलीदाताI (cid:16)ारा भुगतान 11113333 ममममईईईई,,,, 2222000011119999 अथा(cid:7)त् पपपपननुुननुु (cid:17)(cid:17)(cid:17)(cid:17)ननननगगगग(cid:19)म(cid:19)म(cid:19)म(cid:19)म क(cid:29) तारीख को (cid:11)कया जाएगा। (cid:26)टॉक के िलए भुगतान म0 नीलामी म0 आब.ंटत (cid:26)टॉक के अं(cid:11)कत मू(cid:13)य पर, मूलिनग(cid:7)म/अंितम कूपन भुगतान क(cid:29) तारीख से (cid:8)ोQभूत Aयाज दये होने क(cid:29) तारीख तक (cid:8)ोQभतू Aयाज शािमल होगा जैसा (cid:11)क पैरा 6 म0 तािलका म0 उि(cid:13)लिखत ह।ै (cid:22)(cid:22)(cid:22)(cid:22)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:7)(cid:7)(cid:7)(cid:7)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभगगु(cid:19)ु(cid:19)गगु(cid:19)ु(cid:19) तततताााानननन 6. मूल (cid:2)नग(cid:7)म/अंितम कूपन भुगतान क(cid:29) तारीख से (cid:26)टॉक के अं(cid:11)कत मू(cid:13)य पर Aयाज (cid:8)ोQभूत होगा तथा इसका भुगतान अTव(cid:7) ा(cid:2)षक आधार पर (cid:11)कया जाएगा। (cid:26)टॉक का पुनभु(cid:7)गतान प.रपVता क(cid:29) तारीख पर सममू(cid:13)य पर (cid:11)कया जाएगा। (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअ अअ ििंंििंं ततततमममम 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 ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख ((((%%%%)))) कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख (cid:19)(cid:19)(cid:19)(cid:19)ययययााााजजजज ददददययेेययेे हहहह ैैैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह)))) 7.32% सरकारी (cid:1)ितभूित 2024 7.32 नया (cid:30) टॉक 12 मई, 2019 28 जुलाई और 28 जनवरी 7.26% सरकारी (cid:1)ितभूित 2029 7.26 नया (cid:30) टॉक 12 मई, 2019 14 जुलाई और 14 जनवरी 7.69% सरकारी (cid:1)ितभूित 2043 7.69 नया (cid:30) टॉक 12 मई, 2019 17 जून और 17 (cid:17)दसबं र 7.72% सरकारी (cid:1)ितभूित 2049 7.72 नया (cid:30) टॉक 12 मई, 2019 15 जून और 15 (cid:17)दसबं र भारत के राWपित के आदेश से, अरXवद Yीवा(cid:26)तव, संयु2 सिचव अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी (cid:27)(cid:27)(cid:27)(cid:27)ििििततततभभभभििूूििूूततततयययय’’’’ 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 ससससुिुिुिुिववववधधधधाााा (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 (cid:8)ितभूितय- क(cid:29) Zापक भागीदारी और खुदरा धा.रता को (cid:8)ो1साहन दने े क(cid:29) दिृD से भारत सरकार क(cid:29) (cid:11)दना(cid:11)ंकत (cid:8)ितभूितय- क(cid:29) चयिनत नीलािमय- म0 "अ(cid:8)ित(cid:26)पधE" आधार पर भागीदारी क(cid:29) अनुमित दने ेका (cid:8)(cid:26)ताव (cid:11)कया गया ह।ै तQनुसार, (cid:11)दना(cid:11)ंकत (cid:8)ितभूितय- क(cid:29) नीलािमय- म0 अिधसूिचत रािश के 5 (cid:8)ितशत तक क(cid:29) अ(cid:8)ित(cid:26)पधE बोिलयां (cid:26)वीकार क(cid:29) जाएंगी। (cid:8)ारि\त रािश अिधसूिचत रािश के अअअअ,,,,ततततगगगगतत(cid:19)(cid:19)तत(cid:19)(cid:19) होगी। IIIIIIII.... पपपपाााा++++तततताााा :::: भारत सरकार क(cid:29) (cid:11)दना(cid:11)ंकत (cid:8)ितभूितय- क(cid:29) नीलािमय- म0 अ(cid:8)ित(cid:26)पधE आधार पर ऐसे िनवेशक- के िलए भागीदारी खुली होगी जो िन]िलिखत शत7 को पूरा करते ह:; 1. जो भारतीय .रजव(cid:7) ब;क के पास चालू खाता (सीए) अथवा सहायक सामा=य बही (एसजीएल) खाता नह^ रखते ह;; अअअअपपपपववववाााादददद:::: \ेGीय _ामीण ब;क- (आरआरबी) और सहकारी ब;क- को उनके सांिविधक दािय1व- के दिृDगत इस (cid:26)क(cid:29)म के अधीन शािमल (cid:11)कया जाएगा।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 2. जो (cid:8)ित नीलामी दो करोड़ (पए (अं(cid:11)कत मू(cid:13)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;; 3. जो यह (cid:26)क(cid:29)म (cid:8)दान करने वाले (cid:11)कसी एक ब;क अथवा (cid:8)ाथिमक डीलर के मा%यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प से (cid:8)(cid:26)तुत करते ह।; अअअअपपपपववववाााादददद:::: ऐसे \ेGीय _ामीण ब;क (आरआरबी) तथा सहकारी ब;क जो भारतीय .रजव(cid:7) ब;क म0 एस.जी.एल.खाता और चालू खाता रखते ह,; अपनी अ(cid:8)ित(cid:26)पधE बोिलय- को (cid:8)1य\ ‘प से (cid:8)(cid:26)तुत करने के िलए पाG ह-गे। IIIIIIIIIIII.... ----ाााापपपपककककतततताााा:::: उपयु(cid:7)2 शत7 के अधीन "अ(cid:8)ित(cid:26)पधE" आधार पर फम7, कंपिनय-, िनगिमत िनकाय-, सं(cid:26)थाI, भिव6 य िनिधय-, =यास- और भारतीय .रजव(cid:7) ब;क (cid:16)ारा यथा-िनधा(cid:7).रत (cid:11)कसी अ=य कंपनी सिहत (cid:11)कसी भी Zि2 के िलए भागीदारी खुली ह।ै बोली दने ेक(cid:29) =यूनतम रािश 10,000 (पए (अं(cid:11)कत मू(cid:13)य) और उसके बाद 10,000 (पए के गुणज- म0 होगी जैसा अब तक (cid:11)दना(cid:11)ंकत (cid:26)टॉक के िलए ह।ै IIIIVVVV.... अअअअ,,,,यययय (cid:27)(cid:27)(cid:27)(cid:27)चचचचााााललललननननाााा////ममममकककक 0000ददददशशशशााााििििननननददददशश22शश22 :::: 1111.... खुदरा िनवेशक के िलए उस ब;क अथवा (cid:8)ाथिमक डीलर, िजनके मा%यम से वे भाग लेना चाहत े ह,; के पास एक संघटक सहायक सामा=य बही (सीएसजीएल) खाता रखना अिनवाय(cid:7) होगा। कोई भी िनवेशक इस (cid:26)क(cid:29)म के अधीन (cid:11)दनां(cid:11)कत (cid:8)ितभूित क(cid:29) (cid:11)कसी नीलामी म0 केवल एक बोली म0 भाग ले सकता ह।ै इस आशय का वचन (cid:11)क िनवशे क केवल एक बोली द ेरहा ह,ै ब;क अथवा (cid:8)ाथिमक डीलर (cid:16)ारा (cid:8)ाa (cid:11)कया जाना और .रकाड(cid:7) म0 रखा जाना होगा। 2. अपने _ाहक- से (cid:8)ाa पbे आड(cid:7)र के आधार पर (cid:8)1येक ब;क अथवा (cid:8)ाथिमक डीलर भारतीय .रजव (cid:7)ब;क कोर ब;Jकग सो(cid:13)यूशन (ई-कुबेर) (cid:8)णाली संबंधी इले,Lॉिनक (cid:8)पG म0 अपने _ाहक- क(cid:29) ओर से एक एकल समे(cid:11)कत अ(cid:8)ित(cid:26)पधE बोली (cid:8)(cid:26)तुत करेगा। असाधारण प.रि(cid:26)थितय-, जैसे भारतीय .रजव(cid:7) ब;क कोर ब;Jकग सो(cid:13)यूशन (ई-कुबेर) (cid:8)णाली म0 सामा=य गड़बड़ी को छोड़कर, भौितक ‘प म0 अ(cid:8)ित(cid:26)पधE बोली (cid:26)वीकार नह^ क(cid:29) जाएगी। 3. ब;क अथवा (cid:8)ाथिमक डीलर को अ(cid:8)ित(cid:26)पधE खंड के अधीन आबंटन (cid:8)ितलाभ/क(cid:29)मत क(cid:29) उस भारांिशत औसत दर पर होगा, जो (cid:8)ित(cid:26)पधE बोली दने े के आधार पर नीलामी म0 सामने आएगी। इस बात पर %यान (cid:11)दए िबना (cid:11)क ब;क अथवा (cid:8)ाथिमक डीलर ने अपने _ाहक- से भुगतान (cid:8)ाa कर िलया ह ैया नह^, िनग(cid:7)म क(cid:29) तारीख को भुगतान (cid:8)ाa करके ब;क या (cid:8)ाथिमक डीलर को (cid:8)ितभूितया ंजारी क(cid:29) जाएंगी। 4. ऐसे मामले म0, जहा ंबोली क(cid:29) रािश (cid:8)ारि\त रािश (अिधसूिचत रािश के 5 (cid:8)ितशत) से अिधक ह ै यथानुपात आबंटन (cid:11)कया जाएगा। आंिशक आबंटन- के मामले म0, यह ब;क अथवा (cid:8)ाथिमक डीलर- का दािय1व होगा (cid:11)क वह अपने _ाहक- को (cid:8)ितभूितय- का उिचत आबंटन एक पारदशE तरीके से कर0। 5. ऐसे मामले म0 जहा ंबोली रािश (cid:8)ारि\त रािश से कम हो, कमी को (cid:8)ित(cid:26)पधE भाग म0 शािमल (cid:11)कया जाएगा। 6. (cid:8)ितभूित को भारतीय .रजव(cid:7) ब;क (cid:16)ारा केवल एसजीएल ‘प म0 जारी (cid:11)कया जाएगा। भारतीय .रजव(cid:7) ब;क इसे या तो ब;क अथवा (cid:8)ाथिमक डीलर के मु?य एसजीएल खाते अथवा सीएसजीएल खात े म0 जमा करेगा,जैसा(cid:11)क उनके (cid:16)ारा िनदNश (cid:11)दया गया ह।ै मु?य एसजीएल खात े म0 जमा करने क(cid:29) सुिवधा एकमाG उन िनवेशक- क(cid:29) सेवा के (cid:8)योजनाथ (cid:7) ह ै जो उनके घटक नह^ ह।; अतः ब;क अथवा (cid:8)ाथिमक डीलर- को अ(cid:8)ित(cid:26)पधE बोिलय- क(cid:29) िनिवदा दते े समय उनके एसजीएल खाते और सीएसजीएल खात ेम0 जमा होन ेवाली रािशय- (अं(cid:9)कत मू(cid:14)य) को (cid:26)प6 ट ‘प से दशा(cid:7)ना होगा। बाद म0 िनवेशक के अनुरोध पर मु?य एसजीएल खात े से वा(cid:26)तिवक ‘प म0 क(cid:29) गई सुपुद(cid:7)गी (cid:26)वीकाय(cid:7) ह।ै 7. यह ब;क अथवा (cid:8)ाथिमक डीलर का दािय1व ह ै(cid:11)क वह _ाहक को (cid:8)ितभूितया ं ह(cid:26)तांत.रत करे। असाधारण प.रि(cid:26)थितय- को छोड़कर, _ाहक- को (cid:8)ितभूितय- का अंतरण िनग(cid:7)म क(cid:29) ितिथ से पांच काय (cid:7)(cid:11)दवस- के भीतर पूरा (cid:11)कया जाएगा। 8. ब;क अथवा (cid:8)ाथिमक डीलर अपने _ाहक- को यह सेवा दने ेके िलए छह पैसे (cid:8)ित सौ (पए तक दलाली/कमीशन/सेवा (cid:8)भार के ‘प म0 वसूल कर सकते ह।; ऐसी क(cid:29)मत िब (cid:29) मू(cid:13)य म0 शािमल क(cid:29) जा सकती है या _ाहक- से अलग से वसूल क(cid:29) जा सकती ह।ै ऐसे मामले म0 जहा ं (cid:8)ितभूितय- का अंतरण (cid:8)ितभूित क(cid:29) िनग(cid:7)म ितिथ के बाद (cid:8)भावी होता हो, ब;क या (cid:8)ाथिमक डीलर को _ाहक (cid:16)ारा दये (cid:8)ितफल रािश म0 िनग(cid:7)म ितिथ से उपिचत Aयाज शािमल होगा। 9. (cid:8)ितभूितय- क(cid:29) लागत, उपिचत Aयाज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा (cid:8)भार- के िलए _ाहक- से भुगतान (cid:8)ाa करन ेक(cid:29) काय(cid:7)-(cid:8)णाली,ब;क या (cid:8)ाथिमक डीलर (cid:16)ारा _ाहक के साथ क(cid:29) गई सहमित के अनुसार तैयार क(cid:29) जाएगी। यह उ(cid:13)लेखनीय ह ै(cid:11)क (cid:11)कसी अ=य लागत, जैसे िनिधकरण लागत को मू(cid:13)य म0 शािमल नह^ (cid:11)कया जाना चािहए या _ाहक- से वसूल नह^ (cid:11)कया जाना चािहए।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] VVVV.... ब;क- और (cid:8)ाथिमक डीलर- को भारतीय .रजव(cid:7) ब;क (ब;क) (cid:16)ारा समय-समय पर मांगी गई योजना के तहत संचालन- से संबंिधत सूचना िनधा(cid:7).रत समय सीमा के अंतग(cid:7)त ब;क को (cid:8)(cid:26)तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:13)लिखत (cid:11)दशािनदशN ब;क (cid:16)ारा समी\ा के अधीन ह ै और तQनुसार, जब भी आवcयकता होगी, योजना को संशोिधत (cid:11)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 6th May, 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 Tenure Date of Auction Auction Notified Amount Security Original Issue (yy-mm-dd) Maturity Basis Method (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). Place and date of auction 3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on May 10, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 10, 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 May 10, 2019. The payment by successful bidders will be on May 13, 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 6.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5 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 Date of Coupon payments Security (%) Coupon payment accrued interest is due (month/date) 7.32% GS 2024 7.32 New Stock May 12, 2019 Jul. 28 and Jan. 28 7.26% GS 2029 7.26 New Stock May 12, 2019 Jul. 14 and Jan. 14 7.69% GS 2043 7.69 New Stock May 12, 2019 Jun. 17 and Dec. 17 7.72% GS 2049 7.72 New Stock May 12, 2019 Jun. 15 and Dec. 15 By Order of the President of India ARVIND SHRIVASTAVA, Jt. Secy. Annexure 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.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 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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