Date:18/08/2004 URL: http://www.thehindubusinessline.com/2004/08/18/stories/2004081801790800.htm

Back Rs 5,000-cr, 1-year bond auction today

Our Bureau

Mumbai , Aug. 17

UNDER the market stabilisation scheme (MSS), the Union Government has announced sale (re-issue) of Rs 5,000 crore worth 6.18 per cent 2005 paper to be conducted on August 18.

The issue will be conducted through a price-based auction using a multiple price auction method.

The issue of a dated security with a reduced tenor of one year was decided taking into account all relevant factors, said a RBI release.

The quarterly indicative schedule for issuance of T-bills or bonds under MSS, had an auction for a 2-4 year dated security scheduled during August 11-19, for Rs 5,000 crore.