Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Auction for Sale (Issue/Re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘New GoI Floating Rate Bond 2033’, (iii) ‘6.64% GS 2035’, and (iv) ‘6.67% GS 2050’

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Auction for Sale (Issue/Re-Issue) of (i) ‘5.63% GS 2026’, (ii) ‘New GoI Floating Rate Bond 2033’, (iii) ‘6.64% GS 2035’, and (iv) ‘6.67% GS 2050’
News and Press Release
Dated:- 24-8-2021

The Government of India (GoI) has announced the Sale (Issue/re-issue) of (i) '5.63% Government Security, 2026' for a notified amount of ₹ 11,000 crore (nominal) through price based auction usin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g uniform price method (ii) 'New GoI Floating Rate Bonds, 2034' for a notified amount of ₹ 3,000 crore (nominal) through spread based auction using uniform price method (iii) '6.64% Government Security, 2035' for a notified amount of ₹ 10,000 crore (nominal) through price based auction using uniform price method, and (iv) '6.67% Government Security, 2050' for a notified amount of ͅ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7; 7,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 8,000 crore against the above Security/Securities. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on Friday i.e. August 27, 2021. Up to 5% of the notified amount of the sale of the Securities will be allotte .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d 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 August 27, 2021. The non-competitive bids should be submitted between 10.30 a.m. and 11.00 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 August 27, 2021 (Friday) and payment by successful bidders will be on August 30, 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates