REGD. NO. D. L.-33004/99

The Gazette of India

EXTRAORDINARY

PART I—Section 1

PUBLISHED BY AUTHORITY

No.

37]

NEW DELHI, WEDNESDAY, FEBRUARY 7, 20017MAGHA 18,1922

387 GI/2001

(1)

2

THR nAZETTE OF INDIA : KXTRAORDINAKY

[PART I—SEC. 1}

MINISTRY OF FINANCE

(Department of Economic Affairs)

(BUDGET DIVISION)

NOTIFICATION

New Delhi, the 7th February* 2001

Auction for sale of Government Stock of 14 Years

Jio. 4(7)-W<ftM/2000.—Government of India hereby notifies sale of Government Stock

(secimtieiy of 14"^Year tenure for an aggregate amount of Rs. 3,000 crore (nominal).

The sale will be subject to the terms and conditions spelt out in this notification

(called 'Specific Notification') as also the terms and conditions specified in the

General Notification No. 4(2)-W&M/97 dated l^8t April, 1997 issued by Government

of India as amended by Notification No. 4(7>W&M/99 dated 5^th April, 1999.

Method of Issue

2.

Government Stock will be sold through the Reserve Bank of India, Fort,

Mumbai - 400 001 in the manner as prescribed in Paragraph 5.\ of the General

Notification No. 4(2)-W&M/97, dated 1^st April, 1997 and at a coupon rate, to be

determined by the Reserve Bank of India at the auction.

Place qnd Date of Auction

3.

The auction will be conducted by the Reserve Bank of India, Fort, Mumbai -

400 001 on February 10, 2001. The application form duly filled in with the bids

should be submitted to the aforesaid office on February 10, 2001, before the close of

banking hours.

Tenure

4.

The Stock will be of fourteen-year tenure. The tenure of Government Stock

will commence from February 12, 2001. The stock will be repaid at par on

February 12, 2015.

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 February 10, 2001. The payment by successful bidders will

be on February 12, 2001, i.e. the date of issue.

3

Interest

6.

The coupon rate for the securities will be set at the cut-off yield to maturity

rate decided in the auction. The interest will be payable half-yearly on August 12 and

February 12.

By Order of the President of India

D. SWARUP, Jt. Secy.

Printed by the Manager, Govl. of India Presa, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-1100J4