Government of India have announced the sale (re-issue) of '7.37 percent Government Stock 2014' for a notified amount of Rs 5,000 crore (nominal) through a price based auction using multiple price method. Government of India have also announced the sale (re-issue) "8.33 per cent Government Stock 2036" for a notified amount of Rs. 4,000 crore (nominal) through a price based auction using multiple price method. Securities will be issued for a minimum nominal amount of Rs.10,000/-and in multiples of Rs.10,000/- thereafter. Auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday, December 8, 2006.

3. The price percent expected by the bidder should be expressed up to two decimal points. An investor can submit more than one bid at different prices, but a separate application should be submitted for each bid. The aggregate amount of bids submitted by a person in an auction should not exceed the notified amount of that auction.

4. The result of the auctions will be displayed at RBI, Mumbai Office, Fort, Mumbai on Friday, December 8, 2006. Successful bidders should deposit with that Office the price amount of Government Stock(s) covered by their successful bids on Monday, December 11, 2006 by 3.00 P.M. in cash or by cheque on their account with RBI, Mumbai or by Banker's Pay Order.

5. The Stock will be eligible for "When Issued" trading for a period commencing from December 4, 2006 to December 8, 2006 in accordance with the guidelines on ‘When Issued’ transactions in Central Government Securities’issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006.

6. Interest on the Government Stocks will be paid half-yearly. The Stocks will be governed by the provisions of Public Debt Act, 1944 and the rules framed there under.

7. The Stocks will be eligible for ready forward facility.

8. For further details, Government of India Notifications No. 4(6) -W&M/2006 and No.4(6)-W&M/2006(i) both dated December 1, 2006 may be seen.