Auction for Sale (issue/re-issue) of (i) ‘5.74% GS 2026’, (ii) ‘GoI Floating Rate Bond 2034’, (iii) ‘New GS 2036’ (iV) ‘6.99% GS 2051’


Government of India (GoI) has announced the Sale (issue/re-issue) of


(i) “5.74% Government Security, 2026” for a notified amount of Rs 9,000 crore (nominal) through price based auction using uniform price method; (ii) ‘‘GoI Floating Rate Bonds, 2034” for a notified amount of Rs 4,000 crore (nominal) through price based auction using uniform price method; (iii) “New Government Security 2036” for a notified amount of Rs 10,000 crore (nominal) through yield based auction using uniform price method and (iv) “6.99% Government Security 2051” for a notified amount of Rs 9,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on May 20, 2022 (Friday).


Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.


Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 20, 2022. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m.and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.


The result of the auctions will be announced on May 20, 2022 (Friday) and payment by successful bidders will be on May 23, 2022 (Monday).


The Securities will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.




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Utah Department of Transportation Announces Its First Online Auction for 2022; SVN Auction Services to Coordinate Online Auction

 The State of Utah Department of Transportation (UDOT) will hold the first auction of 2022, offering 10 important properties located throughout Utah. The online bidding on the award-winning auction platform at www.UDOTauctions.Utah.gov begins on February 22 and ends March 1. SVN Auction Services, in cooperation with SVN Alta Commercial, will manage and coordinate the online auction event.

The Online Auction offers properties zoned both commercial and residential and present some great development opportunities throughout the state. These include parcels in West Valley City ranging in size and price from 2.1 +/- acre site with an opening bid of $450,000 to an 11 +/- acre site with an opening bid of $1,700.000. West Valley City, one of the most business-friendly cities in the state, is well-known for providing developers and owner operators with a favorable environment for new industrial/manufacturing enterprises.

They also include a 10+/- acre site in the City of Richfield, perfect for a residential development. Located right off of I-70 and just minutes from downtown Main Street, this lot is surrounded by a well-established and recently developed residential community and presents a fantastic opportunity for further development in the area.

Another property included in the online auction is in the City of Hurricane, UT. The parcel is a 7.77 +/- acre site with maximum visibility from the recently completed Southern Parkway. The property represents a commercial development opportunity in an area that has been rapidly growing due to its proximity to many of Southern Utah’s best known outdoor attractions. The property offers easy access and is zoned currently zoned for RV/Motor Home (Commercial) with an opening bid of $1,350,000.

The surplus land auction process is governed by Utah Administrative Code R907-80 (Disposition of Surplus Land). “This auction represents our 7th online event we have coordinated and managed for UDOT and all proceeds continue to fund roads and Right of Way projects for the Utah Department of Transportation,” said Louis B. Fisher III, National Director of SVN Auction Services.

To learn more about all the other property features, photos, bidding procedures and terms, visit www.UDOTauctions.Utah.gov for more information or call 801.508.2118.

Media Contact:

Louis B. Fisher III CAI, National Director, SVN Auction Services, LLC, 954.931.0592 / fisherL@svn.com

SVN Auctions

Louis B Fisher III

954-931-0592

https://www.svngilmoreauction.com/

ContactContact

Categories

  • Business
  • Commercial Real Estate
  • Government
  • Investment
  • Real Estate
  • Transportation

Auction for Sale (Re-issue) of (i) ‘4.56% GS 2023’, (ii) ‘5.74% GS 2026’, (iii) ‘6.67% GS 2035’, and (iv) ‘6.99% GS 2051’


The Government of India (GoI) has announced the Sale (Re-issue) of (i) 4.56% Government Security, 2023 for a notified amount of Rs 2,000 crore (nominal) through price based auction using uniform price method (ii) 5.74% Government Security, 2026 for a notified amount of Rs 6,000 crore (nominal) through price based auction using uniform price method (iii) 6.67% Government Security, 2035 for a notified amount of Rs 9,000 crore (nominal) through price based auction using uniform price method, and (iv) 6.99% Government Security, 2051 for a notified amount of Rs 7,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to 2,000 crore each against one or more security/securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday i.e. January 21, 2022.


Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.


Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 21, 2022. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m.


The result of the auctions will be announced on January 21, 2022 (Friday) and payment by successful bidders will be on January 24, 2022 (Monday).


The Securities will be eligible for When Issued” trading in accordance with the guidelines on When Issued transactions in Central Government Securitiesissued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.




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RM/KMN




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Visitor Counter : 271











Hong Kong – Auction of traditional vehicle registration marks to be held on January 15

Auction of traditional vehicle registration marks to be held on January 15

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     The Transport Department (TD) today (December 29) announced that the auction of traditional vehicle registration marks will be held on January 15 (Saturday) in Meeting Room N101, L1, New Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.



     “A total of 240 vehicle registration marks will be put up for public auction. The list of marks has been uploaded to the department’s website, www.td.gov.hk,” a department spokesman said.



     Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000). Otherwise, the mark concerned may be sold to another bidder at the reserve price.



     People who wish to participate in the bidding at the auction should take note of the following important points:



(a) Successful bidders are required to produce the following documents for completion of registration and payment procedures immediately after the successful bidding:



(i)the identity document of the successful bidder;

(ii)the identity document of the purchaser if it is different from the successful bidder;

(iii)a copy of the Certificate of Incorporation if the purchaser is a body corporate; and

(iv)a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. (For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed.) Successful bidders can also pay through the Easy Pay System (EPS). Payment by post-dated cheques, cash or other methods will not be accepted.



(b) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of Registration Mark immediately after the bidding. Subsequent alteration of the particulars in the memorandum will not be permitted.



(c) A vehicle registration mark can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.



(d) Special registration marks are non-transferable. Where the ownership of a motor vehicle with a special registration mark is transferred, the allocation of the special registration mark shall be cancelled.



(e) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the registration mark to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the registration mark within 12 months, allocation of the mark will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.



(f) In view of public health concerns, all persons entering the auction venue will have to undergo on-the‑spot body temperature checks arranged by the TD. Any member of the public whose body temperature is higher than 37.5 degrees Celsius or who refuses to undergo a body temperature check will be denied entry to the auction hall and the payment office. The TD also requests all persons entering the auction hall and payment office to wear masks and clean their hands with alcohol-based sanitiser, and to wear masks throughout the duration of the auction and payment process.



(g) In order to reduce the risk of the virus spreading, the TD will adjust the distance between seats and the number of seats in the auction hall and the payment office, and implement crowd-control measures. The TD also appeals to the bidders to reduce the number of accompanying persons as far as possible. Furthermore, the auctions in the morning and afternoon will each be divided into two sessions so as to shorten the duration of crowd congregation. The first session of the morning auction will commence at 9.25am while the second session will begin no earlier than 10.35am. The first session of the afternoon auction will commence at 2.25pm while the second session will begin no earlier than 3.45pm. The auction venue will be disinfected before the commencement of the second sessions. Interested bidders may arrive at the auction venue in accordance with the time schedule for the auction of vehicle registration marks.



(h) To align with the Government’s arrangement on the strict enforcement of the use of the “LeaveHomeSafe” mobile application when entering government buildings or offices, except for exempted persons, members of the public are required to use the app to scan the venue QR code before they are allowed to enter the auction venue (including the auction hall and the payment office).  Persons who are aged below 12 or aged 65 or above, and those with disabilities that render use of the “LeaveHomeSafe” app difficult, will be exempted from the requirement of using the app when they enter the auction venue. However, they are required to complete a record form to register their names, the first four digits or letters of their identification documents, their contact numbers and the date and time of their visits. They are also required to present relevant identification documents for verification at the request of the TD staff during registration. TD staff will also verify the contact numbers by making phone calls. As a result of the arrangement, members of the public are advised to remain patient as the waiting time for entering the auction venue may be lengthened. Unwillingness to use the app will not be considered as justification for granting exemption.



     For other auction details, please refer to the Guidance Notes – Auction of Vehicle Registration Marks, which can be downloaded from the department’s website, www.td.gov.hk.

Hong Kong – Auction of personalised vehicle registration marks to be held on January 9

Auction of personalised vehicle registration marks to be held on January 9

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     The Transport Department (TD) today (December 28) announced that the next auction of personalised vehicle registration marks (PVRMs) will be held on January 9 (Sunday) at Meeting Room N101, L1, New Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.



     “A total of 200 approved PVRMs will be put up for public auction. A list of the marks has been uploaded to the department’s website, www.td.gov.hk,” a department spokesman said.



     The reserve price of each of these marks is $5,000. Applicants who have paid a deposit of $5,000 should also participate in the bidding (including the first bid at the reserve price). Otherwise, the PVRM concerned may be sold to another bidder at the reserve price.



     People who wish to participate in the bidding at the auction should take note of the following points:



(1) Bidders are required to produce the following documents for completion of registration and payment procedures immediately after successful bidding:



(i) the identity document of the successful bidder;

(ii) the identity document of the purchaser (if the purchaser and the successful bidder are different persons);

(iii) a copy of the Certificate of Incorporation (if the purchaser is a body corporate); and

(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed. Successful bidders may also pay through the Easy Pay System (EPS), but are reminded to note the maximum transfer amount in the same day of the payment card. Payment by post-dated cheque, cash, credit card or other methods will not be accepted.



(2) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of PVRM immediately after the bidding. Subsequent alteration of the particulars in the Memorandum will not be permitted.



(3) A PVRM can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.



(4) The display of a PVRM on a motor vehicle should be in compliance with the requirements stipulated in Schedule 4 of the Road Traffic (Registration and Licensing of Vehicles) Regulations.



(5) Any change to the arrangement of letters, numerals and blank spaces of a PVRM, i.e. single and two rows as auctioned, will not be allowed.



(6) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the PVRM to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the PVRM within 12 months, allocation of the PVRM will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.



(7) In view of public health concerns, all persons entering the auction venue will have to undergo on-the‑spot body temperature checks arranged by the TD. Any member of the public whose body temperature is higher than 37.5 degrees Celsius or who refuses to undergo a body temperature check will be denied entry to the auction hall and the payment office. The TD also requests all persons entering the auction hall and the payment office to wear masks and clean their hands with alcohol-based sanitiser, and to wear masks throughout the duration of the auction and payment process.



(8) In order to reduce the risk of the virus spreading, the TD will adjust the distance between seats and the number of seats in the auction hall and the payment office, and implement crowd-control measures. The TD also appeals to the bidders to reduce the number of accompanying persons as far as possible. Furthermore, the auctions in the morning and the afternoon will each be divided into two sessions so as to shorten the duration of crowd congregation. The first session of the morning auction will commence at 9.25am while the second session will begin no earlier than 10.30am. The first session of the afternoon auction will commence at 2.25pm while the second session will begin no earlier than 3.50pm. The auction venue will be disinfected before the commencement of the second sessions. Interested bidders may arrive at the auction venue in accordance with the time schedule for the auction of vehicle registration marks.



(9) To align with the Government’s arrangement on the strict enforcement of the use of the “LeaveHomeSafe” mobile application when entering government buildings or offices, except for exempted persons, members of the public are required to use the app to scan the venue QR code before they are allowed to enter the auction venue (including the auction hall and the payment office). Persons who are aged below 12 or aged 65 or above, and those with disabilities that render use of the “LeaveHomeSafe” app difficult, will be exempted from the requirement of using the app when they enter the auction venue. However, they are required to complete a record form to register their names, the first four digits or letters of their identification documents, their contact numbers and the date and time of their visits. They are also required to present relevant identification documents for verification at the request of TD staff during registration. TD staff will also verify the contact numbers by making phone calls. As a result of the arrangement, members of the public are advised to remain patient as the waiting time for entering the auction venue may be lengthened. Unwillingness to use the app will not be considered as justification for granting exemption.



     “Upon completion of the Memorandum of Sale of PVRM, the purchaser will be issued a receipt and a Certificate of Allocation of Personalised Registration Mark. The Certificate of Allocation will serve to prove the holdership of the PVRM. Potential buyers of vehicles bearing a PVRM should check the Certificate of Allocation with the sellers and pay attention to the details therein. For transfer of vehicle ownership, this certificate together with other required documents should be sent to the TD for processing,” the spokesman added.



     For other auction details, please refer to the Guidance Notes – Auction of PVRM, which is available at the department’s licensing offices or can be downloaded from its website, www.td.gov.hk.