Auction for Sale (re-issue) of (i) ‘6.69% GS 2024’, (ii) ‘7.10% GS 2029’, (iii) ‘6.54% GS 2032’ (iv) ‘6.95% GS 2061’

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..... Auction for Sale (re-issue) of (i) ‘6.69% GS 2024’, (ii) ‘7.10% GS 2029’, (iii) ‘6.54% GS 2032’ (iv) ‘6.95% GS 2061’
News and Press Release
Dated:- 2-8-2022

The Government of India (GoI) has announced the sale (re-issue) of (i) "6.69% Government Security 2024" for a notified amount of Rs 4,000 Crore (nominal) through price based auction using uniform price method, (ii) "7.10% Governm .....

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..... ent Security 2029" for a notified amount of Rs 7,000 Crore (nominal) through price based auction using uniform price method, (iii) "6.54% Government Security 2032" for a notified amount of Rs 13,000 Crore (nominal) through price based auction using uniform price method and (iv) "6.95% Government Security 2061" for a notified amount of Rs 9,000 Crore (nominal) through price based auction using mult .....

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..... iple 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 August 05, 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 N .....

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..... on-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 05, 2022. The non-competitive bids should be submitted between 12.30 p.m. and 01.00 p.m. and the competitive bids should be submitted between 12.30 p .....

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..... .m. and 01.30 pm. The result of the auctions will be announced on August 05, 2022 (Friday) and payment by successful bidders will be on August 08, 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 .....

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..... 24, 2018 as amended from time to time.
News - Press release - PIB .....

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