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India Economy: 
364 Day Treasury Bills Auction :
Author: 123jump.com Staff
123jump.com
Last Update: 9:24 AM EST January 27 2006



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The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.1000 crore under the regular auction calendar. The auction will be conducted using ''Multiple Price Auction'' method.

 
Date : 27 Jan 2006

364 Day Treasury Bills Auction: Rs.1000 crore under regular auction

The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.1000 crore under the regular auction calendar. The auction will be conducted using ''Multiple Price Auction'' method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated March 31, 1998 issued by Government of India and as amended from time to time.

Tenders should be submitted in the prescribed form on Wednesday, February 1, 2006 before 1230 hours. The results will be announced the same evening. Payment by successful bidders will be on Friday, February 3, 2006.

P.V.Sadanandan
Manager

Press Release: 2005-2006/954
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