Executive Summary:
This document announces the sale/reissue of Government Stocks by the Government of India, with auctions conducted by the Reserve Bank of India (RBI). It outlines the terms and conditions for the sale, including dates, notified amounts, and coupon rates for various Government Stocks. It also includes a scheme for non-competitive bidding to encourage wider participation in the auctions.
Key Points / Main Content:
Government Stock Sale/Reissue:
* The Government of India is selling/reissuing several Government Stocks.
* The sale is subject to terms and conditions outlined in the notification and General Notification F.No.42WM2018, dated March 27, 2018.
* The total notified amount is subject to a limit of 16,000 crore.
* The Government of India retains the option to retain additional subscription up to 1,000 crore each against any one or more of the above securities.
Auction Details:
* Auctions will be conducted by the Reserve Bank of India (RBI) in Mumbai.
* The auction date is December 6, 2019.
* Bids must be submitted electronically via the RBI's Core Banking Solution (EKuber) system.
* Non-competitive bids: 11:30 a.m. - 12:00 noon.
* Competitive bids: 11:30 a.m. - 12:30 p.m.
* The results will be displayed by the RBI at its Mumbai office on December 6, 2019.
* Payment by successful bidders is due on December 9, 2019.
Government Stocks Information:
* Details for each stock are specified, including:
* Name of the Security
* Coupon rate
* Date of Issue
* Original Tenure
* Date of Maturity
* Auction Basis
* Notified Amount
* Date of Last Coupon Payment
* Date up to which Accrued Interest is Due
* Date of Coupon payments
Non-Competitive Bidding Facility:
* Up to 5% of the notified amount is reserved for non-competitive bids.
* Eligibility:
* Investors who do not maintain a current account (CA) or Subsidiary General Ledger (SGL) account with the RBI (with exceptions for RRBs and Cooperative Banks).
* Single bid not exceeding two crore face value per auction.
* Bids submitted indirectly through a bank or PD offering the scheme (with exceptions for RRBs and Cooperative Banks maintaining SGL/CA accounts with RBI).
* Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000.
* Allotment is at the weighted average rate of yield/price from the competitive bidding.
* Banks/PDs can recover up to six paise per ₹100 as brokerage/commission.
Impact Analysis:
Reserve Bank of India (RBI):
* Impact: Responsible for conducting the auctions, displaying results, and managing stock issuance and payments.
* Action Required: Conduct auctions on December 6, 2019; Display results; Credit SGL/CSGL accounts; Review operations under the Scheme.
Banks and Primary Dealers (PDs):
* Impact: Act as intermediaries for non-competitive bidders, submit consolidated bids, and allocate securities to clients.
* Action Required: Submit consolidated non-competitive bids electronically; Allocate securities to clients transparently; Transfer securities to clients within five working days; Provide information relating to operations under the Scheme to the Reserve Bank of India.
Investors (Individuals, Institutions, etc.):
* Impact: Opportunity to participate in Government Stock auctions, either competitively or non-competitively.
* Action Required: If eligible for non-competitive bidding, submit bids through a bank or PD; Make payments for allotted stocks by December 9, 2019.
Key Entities Referenced
Government of India: The issuer of the government stocks being auctioned.
Reserve Bank of India: The central bank of India, responsible for conducting the auction of government stocks.
Mumbai Office, Fort, Mumbai: The specific branch office of the Reserve Bank of India, located in Mumbai, responsible for conducting the auction.
Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate.
Department of Economic Affairs: A department within the Ministry of Finance responsible for economic policy.
Budget Division: A division within the Department of Economic Affairs.
Rajat Kumar Mishra: The Joint Secretary who signed the notification on behalf of the President of India.
Government Stock: Generic name for the securities being reissued and auctioned.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 374] NEW DELHI, MONDAY, DECEMBER 2, 2019/AGRAHAYANA 11, 1941
िििि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:4)द(cid:6)ली, 02 fnlEcj, 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) ((((पपपपननननुुुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगग(cid:26)म(cid:26)म(cid:26)म(cid:26)म)))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
Qk- सससस-ंंंं 4444((((6666))))----डडडड(cid:28)(cid:28)(cid:28)(cid:28)(cid:29)(cid:29) (cid:29)(cid:29) यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011119999:::: भारत सरकार एतद्(cid:9)ारा नीचे (cid:4)दए गए अनसु ार सरकारी (cid:20)टॉक, क(cid:23) िब(cid:26)(cid:23)
((((पपपपननननुुुु (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 िनगम(cid:13) क(cid:14) मूल अविध प(cid:20)रप(cid:22)ता क(cid:14) नीलामी का नीलामी क(cid:14) अिधसूिचत रािश
तारीख (वष-(cid:13)माह-(cid:17)दन) तारीख आधार िविध (करोड़ म)(cid:26)
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)त ूबर, 2019 10-00-00 07 अ(cid:31) तूबर, 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! बर, 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
कुल अिधसिू चत रािश के अ(cid:31)यधीन 16,000 करोड़ #पए क(cid:23) सीमा तक भारत सरकार, उपयु’( त एक या अिधक )ितभिू तय+ के
प,रपे-य म. )/य के म . 1,000 करोड़ #पए तक के अित,र0 अिभदान का िवक(cid:6)प बनाए रखेगी। यह िब(cid:26)(cid:23) इस अिधसूचना
(िजस े 'िविश4ट अिधसूचना' कहा गया ह)ै म. उि(cid:6)लिखत शत5 के अधीन होगी। इस (cid:20)टॉक क(cid:23) िब(cid:26)(cid:23) भारतीय ,रजव’ ब9क, मुंबई
कायाल’ य, फोट’, मुंबई-400001 के मा(cid:31)यम स े भारत सरकार (cid:9)ारा जारी सामा;य अिधसूचना एफ. स=ं या 4(2)-
ड?(cid:6)यूए@डएम/2018, तारीख 27 माच ’2018 म .िनAदB शत5 के अधीन क(cid:23) जाएगी।
6219 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीीददददाााातततताााा&&&& ककककोोोो आआआआबबबबंटंटंटंटनननन
2. सरकारी )ितभूितय+ क(cid:23) नीलािमय+ म . अ)ित(cid:20)पधC बोली दने े क(cid:23) सिु वधा क(cid:23) सलं D (cid:20)क(cid:23)म (अनुबंध) के अनुसार, िब(cid:26)(cid:23) क(cid:23)
अिधसिू चत रािश का 5 )ितशत तक सरकारी (cid:20)टॉक पाE F यि0य+ और सं(cid:20)थाH को आबं,टत (cid:4)कया जाएगा।
ननननीीीीललललााााममममीीीी ककककाााा (cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख
3. यह नीलामी भारतीय ,रजव’ ब9क, मुंबई कायाल’ य, फोट’, मुंबई-400001 (cid:9)ारा 00006666 ((((ददददसससस))))बबबबरररर,,,, 2222000011119999 को संचािलत क(cid:23)
जाएगी। नीलामी हते ु बोिलया ं भारतीय ,रजव’ ब9क कोर ब9Jकग सो(cid:6)यूशन (ई-कुबेर) )णाली संबंधी इले(Lॉिनक )पE म . 00006666
((((ददददसससस))))बबबबरररर,,,, 2222000011119999 को )(cid:20)तुत क(cid:23) जानी चािहए। अ)ित(cid:20)पधC बोिलया ं पूवा’Mन 11.30 बजे स े दोपहर 12.00 बजे के बीच और
)ित(cid:20)पधC बोिलया ंपूवा’Mन 11.30 बजे स ेम(cid:31)याMन 12.30 बजे के बीच )(cid:20)तुत क(cid:23) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:26)(cid:26)िि(cid:26)(cid:26)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:20)टॉक, भारतीय ,रजव’ ब9क (cid:9)ारा जारी (cid:4)दशा िनदशN + के अनुसार, 'कब िनग’िमत’ कारोबार के िलए पाE होगा।
ििििननननगगगगमममम(cid:26)(cid:26)(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 (cid:9)ारा अपन ेफोट’ ि(cid:20)थत मुंबई काया’लय म . 00006666 ((((ददददसससस))))बबबबरररर,,,, 2222000011119999 को )दOशत (cid:4)कया
जाएगा। सफल बोलीदाताH (cid:9)ारा भुगतान 09999 ((((ददददसससस))))बबबबरररर,,,, 2222000011119999 अथात’ ् पपपपननननुुुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) क(cid:23) तारीख को (cid:4)कया जाएगा। (cid:20)टॉक के िलए
भुगतान म .नीलामी म. आबं,टत (cid:20)टॉक के अं(cid:4)कत मू(cid:6)य पर, मलू िनगम’ /अंितम कूपन भुगतान क(cid:23) तारीख स े )ोQभूत ?याज दये होन े
क(cid:23) तारीख तक )ोQभतू ?याज शािमल होगा जैसा (cid:4)क पैरा 6 म .तािलका म. उि(cid:6)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 पपपपननननुुुु भभभभगगु(cid:26)ु(cid:26)गगु(cid:26)ु(cid:26) तततताााानननन
6. मलू Oनग’म/अंितम कूपन भुगतान क(cid:23) तारीख से (cid:20)टॉक के अ(cid:4)ं कत मू(cid:6)य पर ?याज )ोQभूत होगा तथा इसका भुगतान अTव’ ाOषक
आधार पर (cid:4)कया जाएगा। (cid:20)टॉक का पुनभु’गतान प,रपVता क(cid:23) तारीख पर सममू(cid:6)य पर (cid:4)कया जाएगा।
(cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूतततत 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)भभभभूतूतूतूत ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख
((((%%%%)))) (cid:19)(cid:19)(cid:19)(cid:19)ययययााााजजजज ददददेयेयेयेय हहहह ैैैै
कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख ((((ररररीीीीखखखखतततताााा////ममममााााहहहह))))
6.17% सरकारी (cid:1)ितभूित 2021 6.17 नया (cid:6) टॉक 08 (cid:10)दस(cid:13)बर, 2019 15 जनवरी और 15 जुलाई
7.27% सरकारी (cid:1)ितभूित 2026 7.27 08 अ(cid:17) तबू र, 2019 08 (cid:10)दस(cid:13)बर, 2019 08 अ(cid:1)ैल और 08 अ(cid:17) तूबर
6.45% सरकारी (cid:1)ितभूित 2029 6.45 नया (cid:6) टॉक 08 (cid:10)दस(cid:13)बर, 2019 07 अ(cid:1)ैल और 07 अ(cid:17) तूबर
7.62% सरकारी (cid:1)ितभूित 2039 7.62 15 िसत(cid:13) बर, 2019 08 (cid:10)दस(cid:13)बर, 2019 15 माच(cid:23) और 15 िसत(cid:13) बर
7.63% सरकारी (cid:1)ितभूित 2059 7.63 17 जून, 2019 08 (cid:10)दस(cid:13)बर, 2019 17 (cid:10)दस(cid:13)बर और 17 जून
भारत के राWपित के आदशे स,े
रजत कुमार िमX, संयु0 सिचव
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
I. ककककाााायययय//(cid:26)(cid:26)//(cid:26)(cid:26) (cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी )ितभिू तय+ क(cid:23) Yापक भागीदारी और खुदरा धा,रता को )ो/साहन दने े क(cid:23) दिृB स ेभारत सरकार क(cid:23)
(cid:4)दना(cid:4)ं कत )ितभिू तय+ क(cid:23) चयिनत नीलािमय+ म . "अ)ित(cid:20)पधC" आधार पर भागीदारी क(cid:23) अनुमित दने े का )(cid:20)ताव (cid:4)कया गया
ह।ै तQनसु ार, (cid:4)दना(cid:4)ं कत )ितभिू तय+ क(cid:23) नीलािमय+ म . अिधसिू चत रािश के 5 )ितशत तक क(cid:23) अ)ित(cid:20)पधC बोिलया ं (cid:20)वीकार
क(cid:23) जाएंगी। )ारि[त रािश अिधसिू चत रािश के अअअअ1111ततततगगगगतत(cid:26)(cid:26)तत(cid:26)(cid:26) होगी।¹Hkkx Iµ[k.M 1] Hkkjr dk jkti=k % vlk/kj.k 3
II.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:23) (cid:4)दना(cid:4)ं कत )ितभिू तय+ क(cid:23) नीलािमय+ म . अ)ित(cid:20)पधC आधार पर ऐसे िनवेशक+ के िलए
भागीदारी खुली होगी जो िन\िलिखत 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:::: [ेEीय ^ामीण ब9क+ (आरआरबी) और सहकारी ब9क+ को उनके सािं विधक दािय/व+ के दिृBगत इस (cid:20)क(cid:23)म
के अधीन शािमल (cid:4)कया जाएगा।
2. जो )ित नीलामी दो करोड़ #पए (अं(cid:4)कत मू(cid:6)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;9
3. जो यह (cid:20)क(cid:23)म )दान करन ेवाल े (cid:4)कसी एक ब9क अथवा )ाथिमक डीलर के मा(cid:31)यम स ेअपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े
)(cid:20)तुत करत ेह9।
अअअअपपपपववववाााादददद:::: ऐस े [ेEीय ^ामीण ब9क (आरआरबी) तथा सहकारी ब9क जो भारतीय ,रजव’ ब9क म . एस.जी.एल.खाता
और चालू खाता रखते ह,9 अपनी अ)ित(cid:20)पधC बोिलय+ को )/य[ _प स े)(cid:20)तुत करन ेके िलए पाE ह+गे।
III.... 2222ाााापपपपककककतततताााा:::: उपयु’0 शत5 के अधीन "अ)ित(cid:20)पधC" आधार पर फम5, कंपिनय+, िनगिमत िनकाय+, सं(cid:20)थाH, भिव4 य
िनिधय+, ;यास+ और भारतीय ,रजव’ ब9क (cid:9)ारा यथा-िनधा’,रत (cid:4)कसी अ;य कंपनी सिहत (cid:4)कसी भी Yि0 के िलए भागीदारी
खुली ह।ै बोली दने े क(cid:23) ;यूनतम रािश 10,000 #पए (अं(cid:4)कत मू(cid:6)य) और उसके बाद 10,000 #पए के गुणज+ म . होगी जैसा
अब तक (cid:4)दना(cid:4)ं कत (cid:20)टॉक के िलए ह।ै
IV. अअअअ1111यययय चचचचााााललललननननाााा4444ममममकककक ((((ददददशशशशााााििििननननददददशश66शश66 ::::
1111.... खुदरा िनवेशक के िलए उस ब9क अथवा )ाथिमक डीलर, िजनके मा(cid:31)यम स े वे भाग लेना चाहत े ह,9 के पास एक
संघटक सहायक सामा;य बही (सीएसजीएल) खाता रखना अिनवाय ’ होगा। कोई भी िनवशे क इस (cid:20)क(cid:23)म के
अधीन (cid:4)दनां(cid:4)कत )ितभिू त क(cid:23) (cid:4)कसी नीलामी म . केवल एक बोली म . भाग ले सकता ह।ै इस आशय का वचन (cid:4)क
िनवेशक केवल एक बोली द ेरहा ह,ै ब9क अथवा )ाथिमक डीलर (cid:9)ारा )ा‘ (cid:4)कया जाना और ,रकाड ’म .रखा जाना
होगा।
2. अपन े^ाहक+ स े)ा‘ पaे आडर’ के आधार पर )/येक ब9क अथवा )ाथिमक डीलर भारतीय ,रजव’ ब9क कोर ब9Jकग
सो(cid:6)यूशन (ई-कुबेर) )णाली संबंधी इले(Lॉिनक )पE म .अपन े^ाहक+ क(cid:23) ओर स ेएक एकल समे(cid:4)कत अ)ित(cid:20)पधC
बोली )(cid:20)तुत करेगा। असाधारण प,रि(cid:20)थितय+, जैस े भारतीय ,रजव’ ब9क कोर ब9Jकग सो(cid:6)यूशन (ई-कुबरे ) )णाली
म. सामा;य गड़बड़ी को छोड़कर, भौितक _प म. अ)ित(cid:20)पधC बोली (cid:20)वीकार नह] क(cid:23) जाएगी।
3. ब9क अथवा )ाथिमक डीलर को अ)ित(cid:20)पधC खंड के अधीन आबंटन )ितलाभ/क(cid:23)मत क(cid:23) उस भारांिशत औसत दर
पर होगा, जो )ित(cid:20)पधC बोली दने े के आधार पर नीलामी म . सामन े आएगी। इस बात पर (cid:31)यान (cid:4)दए िबना (cid:4)क
ब9क अथवा )ाथिमक डीलर ने अपन े^ाहक+ स ेभुगतान )ा‘ कर िलया है या नह], िनगम’ क(cid:23) तारीख को भुगतान
)ा‘ करके ब9क या )ाथिमक डीलर को )ितभिू तया ंजारी क(cid:23) जाएंगी।
4. ऐस े मामल े म,. जहां बोली क(cid:23) रािश )ारि[त रािश (अिधसूिचत रािश के 5 )ितशत) स े अिधक ह ै यथानुपात
आबंटन (cid:4)कया जाएगा। आंिशक आबंटन+ के मामल े म,. यह ब9क अथवा )ाथिमक डीलर+ का दािय/व होगा (cid:4)क वह
अपन े^ाहक+ को )ितभूितय+ का उिचत आबंटन एक पारदशC तरीके स ेकर.।
5. ऐस ेमामल ेम .जहां बोली रािश )ारि[त रािश स ेकम हो, कमी को )ित(cid:20)पधC भाग म. शािमल (cid:4)कया जाएगा।
6. )ितभिू त को भारतीय ,रजव’ ब9क (cid:9)ारा केवल एसजीएल _प म . जारी (cid:4)कया जाएगा। भारतीय ,रजव’ ब9क इसे या
तो ब9क अथवा )ाथिमक डीलर के म=ु य एसजीएल खाते अथवा सीएसजीएल खात े म . जमा करेगा,जैसा(cid:4)क उनके
(cid:9)ारा िनदशN (cid:4)दया गया ह।ै मु=य एसजीएल खात े म . जमा करने क(cid:23) सिु वधा एकमाE उन िनवेशक+ क(cid:23) सेवा के
)योजनाथ ’ह ैजो उनके घटक नह] ह।9 अतः ब9क अथवा )ाथिमक डीलर+ को अ)ित(cid:20)पधC बोिलय+ क(cid:23) िनिवदा दते े
समय उनके एसजीएल खात े और सीएसजीएल खात े म . जमा होन े वाली रािशय+ (अ(cid:9)ं कत मू(cid:14)य) को (cid:20)प4 ट _प स े
दशान’ ा होगा। बाद म . िनवेशक के अनुरोध पर मु=य एसजीएल खाते स े वा(cid:20)तिवक _प म . क(cid:23) गई सुपदु ग’ ी
(cid:20)वीकाय ’ह।ै4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
7. यह ब9क अथवा )ाथिमक डीलर का दािय/व ह ै (cid:4)क वह ^ाहक को )ितभिू तया ं ह(cid:20)तांत,रत करे। असाधारण
प,रि(cid:20)थितय+ को छोड़कर, ^ाहक+ को )ितभूितय+ का अंतरण िनग’म क(cid:23) ितिथ से पांच काय ’(cid:4)दवस+ के भीतर पूरा
(cid:4)कया जाएगा।
8. ब9क अथवा )ाथिमक डीलर अपन े ^ाहक+ को यह सेवा दने े के िलए छह पैस े )ित सौ #पए तक
दलाली/कमीशन/सेवा )भार के _प म .वसूल कर सकत ेह।9 ऐसी क(cid:23)मत िब(cid:26)(cid:23) मू(cid:6)य म .शािमल क(cid:23) जा सकती ह ैया
^ाहक+ स े अलग स ेवसूल क(cid:23) जा सकती ह।ै ऐस ेमामल े म . जहां )ितभिू तय+ का अंतरण )ितभिू त क(cid:23) िनगम’ ितिथ
के बाद )भावी होता हो, ब9क या )ाथिमक डीलर को ^ाहक (cid:9)ारा दये )ितफल रािश म. िनग’म ितिथ से उपिचत
?याज शािमल होगा।
9. )ितभिू तय+ क(cid:23) लागत, उपिचत ?याज जहा ं भी लाग ू हो, तथा दलाली/कमीशन/सेवा )भार+ के िलए ^ाहक+ स े
भुगतान )ा‘ करन े क(cid:23) काय-’ )णाली,ब9क या )ाथिमक डीलर (cid:9)ारा ^ाहक के साथ क(cid:23) गई सहमित के अनुसार
तैयार क(cid:23) जाएगी। यह उ(cid:6)लेखनीय ह ै (cid:4)क (cid:4)कसी अ;य लागत, जैसे िनिधकरण लागत को म(cid:6)ू य म. शािमल नह]
(cid:4)कया जाना चािहए या ^ाहक+ स ेवसूल नह] (cid:4)कया जाना चािहए।
V.... ब9क+ और )ाथिमक डीलर+ को भारतीय ,रजव’ ब9क (ब9क) (cid:9)ारा समय-समय पर मांगी गई योजना के तहत संचालन+ स े
संबंिधत सूचना िनधा’,रत समय सीमा के अंतग’त ब9क को )(cid:20)तुत करनी होगी।
VI.... ऊपर उि(cid:6)लिखत (cid:4)दशािनदशN ब9क (cid:9)ारा समी[ा के अधीन ह ै और तQनसु ार, जब भी आवbयकता होगी, योजना को
संशोिधत (cid:4)कया जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 2nd December, 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 Maturity Basis Method
(yy-mm-dd) (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 7,000
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).¹Hkkx Iµ[k.M 1] 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
December 06, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core
Banking Solution (E-Kuber) system on December 06, 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
December 06, 2019. The payment by successful bidders will be on December 09, 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 Coupon rate Date of Last Date upto which Date of Coupon payments
Security (%) Coupon payment accrued interest is due (month/date)
6.17% GS 2021 6.17 New Stock Dec. 08, 2019 Jan. 15 and Jul.15
7.27% GS 2026 7.27 Oct. 08, 2019 Dec. 08, 2019 Apr. 08 and Oct. 08
6.45% GS 2029 6.45 New Stock Dec. 08, 2019 Apr. 07 and Oct. 07
7.62% GS 2039 7.62 Sep.15, 2019 Dec. 08, 2019 Mar.15 and Sep.15
7.63% GS 2059 7.63 Jun.17, 2019 Dec. 08, 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 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.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
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.