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Auction for Sale (Issue/Re-issue) of ‘3.96% GS 2022’, ‘5.15% GS 2025’, ‘5.85% GS 2030’ and ‘New GS 2061’.

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....uction for Sale (Issue/Re-issue) of ‘3.96% GS 2022’, ‘5.15% GS 2025’, ‘5.85% GS 2030’ and ‘New GS 2061’. <br>News and Press Release<br>Dated:- 13-2-2021<br><BR>Government of India (GoI) has announced the Sale (Issue/Re-issue) of (i) '3.96% Government Security, 2022' for a notified amount of &#8377; 2,000 crore (nominal) through price based auction, (ii) '5.15% Government Security, ....

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....2025' for a notified amount of &#8377; 11,000 crore (nominal) through price based auction, (iii) '5.85% Government Security, 2030' for a notified amount of &#8377; 11,000 crore (nominal) through price based auction, and (iv) 'New Government Security, 2061' for a notified amount of &#8377; 7,000 crore (nominal) through yield based auction. GoI will have the option to retain additional subscription ....

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....up to Rs. 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on February 18, 2021 (Thursday) using multiple price method. 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....

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.... 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 February 18, 2021. The non-competitive bids should be submitted between10.30 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 auctio....

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....ns will be announced on February 18, 2021 (Thursday) and payment by successful bidders will be on February 22, 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.....

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....<BR> News - Press release - PIB....