On an assessment of the current and evolving liquidity conditions, Reserve Bank has decided to conduct sale of government securities under Open Market Operations for an aggregate amount of ₹ 10,000 crore on July 14, 2015 (Tuesday) through multi-security auction using the multiple price method: | Sr. No | Security | Date of Maturity | | 1 | 7.83% GS 2018 | 11-04-2018 | | 2 | 8.08% GS 2022 | 02-08-2022 | | 3 | 8.15% GS 2026 | 24-11-2026 | | 4 | 7.40% GS 2035 | 09-09-2035 | The auction shall be conducted by the Financial Markets Operations Department, Reserve Bank of India, Fort, Mumbai on July 14, 2015 (Tuesday) Market participants may take note of the following: There is an overall aggregate ceiling of ₹ 10,000 crore for all the securities in the basket put together. There is no security-wise notified amount. Reserve Bank reserves the right to: • Decide on the quantum of sales of individual securities.
• Accept bids for less than the aggregate amount of ₹ 10,000 crore.
• Sell marginally higher than the aggregate amount due to rounding effects.
• Accept or reject any or all of the bids either wholly or partially without assigning any reason The eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on July 14, 2015 (Tuesday). Only in the event of system failure physical bids would be accepted. Such physical bids should be submitted to Mumbai Office (Public Accounts Department) in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office, Fort, Mumbai-400001 and/or Reserve Bank website (www.rbi.org.in) The successful bidders will be required to make payment to Reserve Bank on July 15, 2015 (Wednesday) by forenoon. Ajit Prasad
Assistant General Manager Press Release : 2015-2016/106 |