RBI to sell government securities worth R15K cr

In a price based auction to be held on June 20, RBI will sell 8.35 per cent government stock 2022 for Rs 3,000 crore, 8.60 per cent government stock 2028 for Rs 7,000 crore, 9.20 per cent government stock 2030 for Rs 3,000 crore and 9.23 per cent government stock 2043 for Rs 2,000 crore.

“Up to 5 per cent 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,” RBI said. RBI said both the competitive and non-competitive bids for the auction should be submitted in electronic format on June 20, 2014.