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Govt will launch inflation-linked bonds worth Rs. 10bn on June 4

The new bonds would be issued within the planned government market borrowing programme for the first half of 2013-14

May 30, 2013 9:25 IST | India Infoline News Service
The government has announced the sale of “New Inflation Indexed Government Stock-2023” for Rs. 10bn (nominal) through yield based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India (RBI) on June 4, 2013. 

Up to 20% of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions as per the Scheme for non-competitive bidding facility in the auction of government securities.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the RBI Core Banking Solution (E-Kuber) system on June 4, 2013. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. 

The result of the auctions will be announced on June 4, 2013 and payment by successful bidders will be on June 5, 2013. 

The new bonds would be issued within the planned government market borrowing programme for the first half of 2013-14. 

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