Tax Management India. Com
                        Law and Practice: A Digital eBook ...

☞ Data-bank

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News D. Forum
Highlights
What's New  Latest Cases 

Share:      

        Home        
 
News
Home News News and Press Release Month 11 2021 2021 (11) This
← Previous Next →
 

Auction for Sale (Issue/re-Issue) of (i) ‘4.26% GS 2023’, (ii) ‘New GS 2026’, (iii) ‘6.67% GS 2035’, and (iv) ‘New GS 2051’

November 8, 2021
  • Contents

The Government of India (GoI) has announced the Sale (Issue/re-issue) of (i) 4.26% Government Security, 2023 for a notified amount of Rs 2,000 crore (nominal) through price based auction using uniform price method (ii) New Government Security, 2026 for a notified amount of Rs 6,000 crore (nominal) through yield 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) New Government Security, 2051 for a notified amount of Rs 7,000 crore (nominal) through yield 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. November 12, 2021.

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 November 12, 2021. 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 November 12, 2021 (Friday) and payment by successful bidders will be on November 15, 2021 (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.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||