TMI BlogAuction for Sale (re-issue) of (i) ‘7.38% GS 2027’, (ii) ‘GoI Floating Rate Bond 2028’, (iii) ‘7.54% GS 2036’ (iv) ‘6.99% GS 2051’X X X X Extracts X X X X X X X X Extracts X X X X ..... Auction for Sale (re-issue) of (i) ‘7.38% GS 2027’, (ii) ‘GoI Floating Rate Bond 2028’, (iii) ‘7.54% GS 2036’ (iv) ‘6.99% GS 2051’ - News and Press Release Dated:- 9-8-2022 - News - The Government of India (GoI) has announced the Sale ( re-issue ) of (i) 7.38% Government Security, 2027 for a notified amount of ₹9,000 crore (nominal) through price based auction using uniform pric ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e method; (ii) GoI Floating Rate Bonds, 2028 for a notified amount of ₹4,000 crore (nominal) through price based auction using uniform price method; (iii) 7.54% Government Security 2036 for a notified amount of ₹11,000 crore (nominal) through price based auction using uniform price method and (iv) 6.99% Government Security 2051 for a notified amount of ₹8,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹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 12, 2022 (Friday) . Up to 5% of the notified amount of the sale of the Securities will be all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otted 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 12, 2022 . The non-competitive bids should be submitted between 10.30 a.m. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 August 12, 2022 (Friday) and payment by successful bidders will be on August 17 , 2022 (Wednesday) . The Securities will be eligible for When Issued trading in accordance with the guidelines on When Issued transactions in Central Gover ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nment 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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