- News>
- Finance & Markets
RBI to auction three GOI stocks on July one
Mumbai, June 26: Reserve Bank of India will auction three Government of India (GOI) stocks aggregating Rs 12,000 crore on July one and has increased the notified amount by Rs 4,000 crore for the next auction.
Mumbai, June 26: Reserve Bank of India will auction three Government of India (GOI) stocks aggregating Rs 12,000 crore on July one and has increased the notified amount by Rs 4,000 crore for the next auction.
Taking into account all relevant factors, RBI has also decided to re-issue a 25 year security for a notified amount of Rs 3,000 crore during July one to 17 in addition to the stocks totalling Rs 9,000 crore notified in the calendar, the apex bank said in a release here today.
The government has also decided to increase the notified amount for auctions scheduled during July 14-21 by Rs 4,000 crore to Rs 9,000 crore, it added.
The auction of 7.37 per cent GOI stock, 2014 of Rs 5,000 crore and 6.05 per cent GOI stock, 2019 of Rs 4,000 crore and 6.13 per cent GOI stock, 2028 on July one would be through price-based auctions using multiple price method, it said.
Upto five per cent of the notified amount of the sale of all three stocks would be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in auction of GOI stocks, it said.
RBI Deputy Governor Rakesh Mohan today said the apex bank was watching the liquidity situation and would take necessary steps as and when required.
The apex bank said as per the calendar the notified amounts and tenure of securities for auction scheduled during July 1-7 were Rs 5,000 crore security with 10-14 years and Rs 4,000 crore with 15-19 years tenure.
Bureau Report
The government has also decided to increase the notified amount for auctions scheduled during July 14-21 by Rs 4,000 crore to Rs 9,000 crore, it added.
The auction of 7.37 per cent GOI stock, 2014 of Rs 5,000 crore and 6.05 per cent GOI stock, 2019 of Rs 4,000 crore and 6.13 per cent GOI stock, 2028 on July one would be through price-based auctions using multiple price method, it said.
Upto five per cent of the notified amount of the sale of all three stocks would be allotted to eligible individuals and institutions as per the scheme for non-competitive bidding facility in auction of GOI stocks, it said.
RBI Deputy Governor Rakesh Mohan today said the apex bank was watching the liquidity situation and would take necessary steps as and when required.
The apex bank said as per the calendar the notified amounts and tenure of securities for auction scheduled during July 1-7 were Rs 5,000 crore security with 10-14 years and Rs 4,000 crore with 15-19 years tenure.
Bureau Report